Nasdaq, Double Top formation completed...look to 200Day M/AUS 100 IndexFX:NAS100CarolAVGJR📉 NASDAQ – Technical Outlook The NASDAQ has now completed a Double Top formation, beginning on 30th October and completing on 28th January. After this week’s losses, the market is sitting directly on a major support zone where the 200‑day M/A intersects with long‑term trendline support at 24,246. This is a critical line of defence. Buyers need to aggressively defend this area. If they fail, sellers — sensing weakness — will push the market lower toward the Double Top target at 21,550. When we step back and look at the very long‑term chart, momentum, RSI, and stochastics all favour a move lower. However, this designated support zone suggests that initially, buyers will be there holding the line. Historically, you never sell the first break of a major support level combined with the 200‑day M/A. Stops and algos will be selling lower levels, so confirmation of a deeper move only comes on a second break of this zone. On the topside, resistance sits at 24,917–25,060, and sellers are likely to defend that region strongly to keep a lid on any upside attempts. This is not investment advice. My Money, My Risk. #NASDAQ #NQ #TechnicalAnalysis #Trading #Markets #PriceAction #ChartPatterns