Nazdaq - Stock market after the FED
The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
If the index rises towards the supply zone, which is also at the intersection with the weekly pivot and the midline of the channel, you can look for sell positions in the Nasdaq index
The failure of the drawn trend line and the loss of the specified support range will provide the downward path of the index to the bottom of the ascending channel
If the index rises towards the supply zone, which is also at the intersection with the weekly pivot and the midline of the channel, you can look for sell positions in the Nasdaq index
The failure of the drawn trend line and the loss of the specified support range will provide the downward path of the index to the bottom of the ascending channel
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