26.03.07 Nasdaq AnalysisNAS100 CashVANTAGE:NAS100JELLO_XTogether with you, Butopia is building a Utopia of Wealth based not on intuition, but on clear standards. Let’s begin the Nasdaq weekend chart analysis for March 7. 📊 Weekly Chart Perspective – A Potential Trend Transition Zone From the weekly timeframe, there are two key points that need to be monitored carefully. The first point is the weekly close below the 20-week moving average. Looking back, the last meaningful occurrence was around March 2025, about one year ago, when the market began closing below the 20-week moving average during a longer-term shift in structure. Currently, within the orange box zone, Nasdaq has been closing below the 20-week moving average for approximately 4–5 consecutive weeks. This behavior is important because it suggests that the market may be entering a potential medium-term trend transition phase, rather than simply experiencing a short-term correction. The second point is the Lagging Span (Ichimoku Chikou Span) highlighted in the yellow box. At the moment, the lagging span is beginning to overlap with past price candles. Typically, when the lagging span overlaps with historical candles, it indicates weakening trend momentum and the possibility of a bearish transition. In particular, during this week the current candle and the lagging span are overlapping, which could signal increasing downside pressure if the market moves further lower. Additionally, after the previous downside break shown in the blue box, this is the first time in a while that the lagging span and candles are overlapping again, making this area structurally important. 📉 Daily Chart Perspective – Pullback After Failed Breakout On the daily timeframe, price has moved lower after failing to break above the previously mentioned resistance zone. The current price region frequently produces long lower wicks, which indicates repeated battles between buyers and sellers. However, despite these rebounds, the overall structure still shows stronger selling pressure. This area has two defining characteristics: Persistent bearish pressure within the broader structure Frequent stop-hunting behavior Because of this, the market environment here requires strategic, level-based trading rather than simple trend-following. ⏱ 15-Minute Chart Perspective – Short-Term Double Bottom On the 15-minute timeframe, a short-term double bottom pattern is currently forming. Price is holding support around 24,954. If a rebound occurs, the neckline of the double bottom becomes the short-term target. If price breaks above 24,908, there is potential for additional short-term upside continuation. However, since 24,954 currently acts as short-term support, a breakdown below this level would open the downside toward approximately 24,330. 🟢 Long Scenario A bullish scenario can be considered under the following conditions: Breakout of the resistance trendline Break above 24,908 Breakout of the resistance trendline within the green box Break above 25,127 If these levels are cleared sequentially, short-term bullish momentum may strengthen. 🔴 Short Scenario At the current moment, there is no clear short entry setup. Therefore, from a trading perspective, the market currently favors either patience or waiting for structural confirmation rather than initiating aggressive short positions. 📌 Conclusion The Nasdaq market is currently positioned in a zone where short-term rebound potential and medium-term downside risk coexist. From the weekly perspective: Multiple weekly closes below the 20-week moving average Overlap between the lagging span and historical candles These signals gradually increase the probability of a medium-term bearish trend transition. From the daily perspective: The market has failed to break above resistance Selling pressure remains present The market structure is also prone to stop-hunting volatility In the short term, 24,954 is the key level to watch. If support holds → double bottom rebound scenario If support breaks → downside open toward 24,330 In other words, the Nasdaq is currently not in a clear trending market, but rather at a structural decision point. At times like this, the most important approach is not predicting direction, but responding to the market using clear levels and structural confirmation. Not intuition— but structure and levels.