26.03.24 NASDAQ ANALYSISNAS100 CashVANTAGE:NAS100JELLO_XTogether with you, Butopia is building a Utopia of Wealth based not on intuition, but on clear standards and structure. Let’s begin the Nasdaq chart analysis for March 24. 📊 Daily Chart Analysis – Bullish Engulfing, But Resistance Still Intact On the daily timeframe, yesterday’s candle formed a bullish engulfing pattern, completely absorbing the March 20 (Friday) candle. This is a positive signal for the upside, indicating short-term buying strength. However, price is currently facing resistance at the 20-day moving average, which limits immediate bullish continuation. As a result, the market is still trading within the blue box range, indicating a sideways structure. Because of this, we must keep open the possibility of a move toward the previous volume zone (yellow box on the left). 👉 Key support levels can be identified through the horizontal levels marked on the chart. ⏱ 30-Minute Chart Analysis – Falling Wedge Pattern On the 30-minute timeframe, a falling wedge pattern is currently forming. If the market: Breaks the resistance trendline, and Breaks above the 30-minute 20MA 👉 There is potential for an upside move toward the 24,500 area. However, caution is needed. Price has been consolidating for an extended period near the Ichimoku cloud turning zone, which makes the structure less stable for a clean bullish continuation. ⏱ 15-Minute Timeframe – Today’s Trading Strategy 🟢 Long Strategy Entry 1: Break above 24,180 Entry 2: Break above 24,292 Entry 3: Break above 24,465 TP (Take Profit): Each horizontal resistance level S/L (Stop Loss): If price closes below the 15-minute 20MA after entry, or If a valid short entry signal appears 🔴 Short Strategy Entry 1: Break below 24,045 Entry 2: Break below 23,840 TP (Take Profit): Each horizontal support level S/L (Stop Loss): If price closes above the 15-minute 20MA after entry, or If a valid long entry signal appears 📌 Rationale Long Bias: Based on a falling wedge breakout scenario Short Bias: A move to neutralize yesterday’s strong upward impulse, and Potential disappointment-driven selling pressure ⚠️ Note: Entry levels may adjust slightly depending on time and price action, so flexibility in execution is required.