Nasdaq ascending channel structure and current situation.NASDAQ 100 IndexNASDAQ_DLY:NDXkagancanpolatLooking at the weekly chart of Nasdaq, I see the price approaching the upper band again within the long-standing, fairly disciplined ascending channel structure. The strong recovery in recent weeks, coupled with the short-term moving averages turning upwards again, indicates that momentum is gaining strength in favor of buyers. In the upcoming period, the 29,700–31,400 band stands out as the first critical resistance zone. If sustained above this area, the 37,000+ levels in the upper projection of the channel remain a medium-term target. In the event of potential profit-taking, the broken intermediate resistance zone and moving averages can be monitored as the first strong support area. For now, the main trend is upward, but the price is at a very critical threshold. A correction from these levels would not be surprising.