Nasdaq Consolidation Breakdown?Nasdaq CashEIGHTCAP:NDQ100forexcitypro_leemeenalHello and greetings to our dear followers on TradingView! We truly appreciate your support and for following our market analyses and reviews on TradingView. 😊 Analysis of Nasdaq (NDX) – Daily Timeframe 📉 As seen in the chart, the price has been moving within its consolidation zone for quite some time. This indicates indecision in the market, as it struggles to find a clear direction. Considering the current geopolitical situation, especially in the Middle East, a bearish scenario is more likely. 🔻 Support and Resistance Levels 🔧 Currently, the price is near the daily support zone, which is an important level for buyers. However, above the chart, there is a strong resistance zone that could pose a barrier for any upward movement. If this level is not broken, we can expect the price to move lower again. Possible Scenarios 👀 If the price tests the support zone and bounces, there could be a potential for a reversal and an upward move. If the support level is broken, we may see further declines toward the next support zones. Disclaimer 📢 This analysis is for educational purposes only and does not constitute any buy or sell recommendations. Please thoroughly review the analysis and conduct your own research before making any decisions. Poll 📊 What do you think about this analysis? Do you think the price will move lower or is there a chance for an upward movement? 🟢 Bullish 🔴 Bearish #Nasdaq #TechnicalAnalysis #SupportLevels #ResistanceLevels #StockMarket #DailyAnalysis #Geopolitics #SupportZones #ResistanceZones #Trading