NASDAQ Composite (IXIC)- 1hr Reversal Setup Targeting 20,868This 1-hour chart shows a potential short-term reversal on the NASDAQ Composite, identified using Leola Lens SignalPro.
🔍 Technical Notes:
🟢 Price recently tested the upper red supply zone near 21,454, where prior SELL pressure emerged.
⚪ The white trendline (mid-term bias) is still below price, suggesting a test of resilience before reversal.
🔴 Multiple rejections near the supply zone may hint at exhaustion of buying momentum.
📉 Target: 20,868 — aligning with a prior structural pivot and liquidity zone.
🟡 Watch for confirmation via lower timeframe breakdowns before any continuation lower.
The setup reflects a possible supply-zone reaction after an extended rally, with a measured move toward a lower support zone.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always do your own research and consult a licensed financial advisor before making any trading decisions.
