Nasdaq - Powell's positive signal to the markets?!
The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
If the ascending channel is preserved and not broken, we can witness the continuation of the upward movement in this channel
On the other hand, if the index is corrected towards the drawn demand zone, which is also at the intersection with the weekly pivot of the index, we can look for short-term buying positions of the Nasdaq index
If the ascending channel is preserved and not broken, we can witness the continuation of the upward movement in this channel
On the other hand, if the index is corrected towards the drawn demand zone, which is also at the intersection with the weekly pivot of the index, we can look for short-term buying positions of the Nasdaq index
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