NASDAQ short move

In the four-hour chart of NASDAQ, the market is currently exhibiting a bearish momentum or downtrend. However, it is expected that the price will encounter the first support and then continue the recent downward move.

Key levels:
The first support level in the market is at 1712.84, where there is a likelihood of buyers entering around this price level. The second support level is at 16727.67, which aligns well with a 61.8% Fibonacci retracement correction.
The first resistance level for NASDAQ is at 17592.97 , which can potentially limit upward movements. The second resistance level is positioned at 17800.00.