NASDAQ — Is the correction over?

🏆The NASDAQ has bounced strongly from a major demand zone, showing that buyers are stepping back into the market after the recent decline. While short-term momentum has shifted to the upside, price is now approaching an important resistance area that could determine the next directional move.

📈 Bullish scenario

If buyers manage to break above the nearby supply zone, the recovery could accelerate and open the way toward higher resistance levels. A confirmed breakout would strengthen the current bullish structure.

📉 Bearish scenario

If price gets rejected from resistance, sellers could regain control and push the index back toward the lower demand zone. As long as support remains intact, however, the recovery scenario is still valid.

The recent rebound is encouraging, but the next key test is whether buyers have enough strength to clear resistance and confirm a broader trend reversal.

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