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Nasdaq Analysis - 4 Hour Chart
⬆️ Bullish Scenario
Currently, the index is maintaining trading above the 28,600 levels, and continued upward movement may push prices toward the 28,800 levels. If the index successfully breaks and stays above these levels, especially with ongoing positive momentum, we may see an extension of the rise toward the 29,000 levels.
⬇️ Bearish Scenario
After these strong gains, and with the RSI indicator reaching overbought regions, we may see some corrective pullbacks toward the 28,400 levels then 28,000, especially with the ongoing impact of war developments and geopolitical news on the markets.
❗️ Note: This analysis is based on a technical reading of the markets and is not considered financial advice. The final decision is solely yours.