Nasdaq Resistance Strikes Again: Bears Taking Control!

The NASDAQ hit a significant resistance level at 19,778, which coincides with a 1-hour Fair Value Gap (FVG).

The price action shows a rejection from this level, indicating a potential reversal.

A downward trend is expected, with the next support targets at 19,604 and 19,507.

If momentum continues, a deeper decline could push prices toward 19,467.82.