26.03.04 Nasdaq AnalysisNAS100 CashVANTAGE:NAS100JELLO_XTogether with you, this is Butopia, building a utopia of wealth based not on intuition, but on clear criteria. Let’s begin the March 4 Nasdaq chart analysis. 📌 Daily Chart Analysis Let’s start with the daily timeframe. Nasdaq has been moving within a large range since October 2025. The upper boundary is around 26,290, and the lower boundary is around 23,800. What we need to focus on is the amount of time spent below the midpoint of this range. Looking at the light blue box area, there are actually fewer candles than expected. This suggests that strong rebounds repeatedly occurred in this zone, forming a solid support area. If price breaks below 23,800, the likelihood of a shift into a clear downtrend increases significantly. However, that level is also a very strong support zone, making a breakdown relatively difficult. Now, looking at the orange box area: On Tuesday, a bearish candle fully engulfed Monday’s bullish candle. Although Monday’s low was briefly broken, price has since recovered, leaving room for a potential rebound. However, to fully escape the current bearish pressure, it is essential for price to reclaim and hold above the daily 20-day moving average. 📌 15-Minute Chart Perspective On the short-term timeframe, we have seen two supports form at the recent bottom. Today’s low is 24,508. If this level breaks, the next downside levels open up in sequence: → 24,453 → 24,352 → 24,333 The previous clear short-term ascending trendline has already been broken and no longer holds significance. If the recent low breaks, it would simply confirm continuation of the existing trend. From a bullish perspective: There are currently three visible short-term descending resistance trendlines. A breakout above 24,832 could act as a short-term inflection point. 📌 Conclusion The downside remains relatively open. However, if price reaches lower levels, we may see repeated long lower wicks and rebound attempts, as the lower zone contains thick accumulated volume (strong support). In short: Below: Open downside risk At support: Potential for repeated rebound attempts due to heavy demand This is a structurally heavy zone — not a clean trending market.