NASDAQ | Daily TF - Bearish Divergence with Double Top

US100 NASDAQ continues to hold a bearish tone on the 1-hour chart, with a clear bearish divergence confirming weakness in momentum. Price is respecting lower highs and lower lows, keeping the short-term structure bearish.

On the 4H timeframe, the index is approaching the trendline support around 24,600, which marks the third touch of this level. If this zone fails to hold, we could see an extended move toward the 24,000 area.



From a broader view, the daily chart shows a double top pattern along with a strong bearish divergence — both supporting a deeper pullback. However, a daily close above 25,220 would invalidate this view and could shift momentum back to the upside.

📰 With the ongoing U.S. government shutdown and heightened market uncertainty, sentiment remains mixed. Volatility is expected to stay elevated, so it’s best to wait for clear confirmation around key levels before taking any positions.