Categories: Technical analysis

Nasdaq-100 Wave Analysis – 3 April 2025

Nasdaq-100: ⬇️ Sell

– Nasdaq-100 index broke support level 18820.00

– Likely to fall to support level 18295.00

Nasdaq-100 index recently broke the key support level 18820.00 (the previous monthly low from the end of March).

The breakout of this support level 18820.00 accelerated the minor impulse wave 1 of the intermediate impulse wave (C) from February.

Nasdaq-100 index can be expected to fall to the next support level 18295.00 (former monthly low from September) – the breakout of which can lead to further losses to 18000.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: NDX

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