Nasdaq - Very weak start of the stock market in September!
The US100 is below the EMA200 and EMA50 in the 4H time frame and is trading in its descending channel
The index has reached the target of the downward movement of its previous analysis, and you can save a part of your sales position and place your SL in profit
If the index continues to decline towards the specified demand zone, which also intersects with the midline of the descending channel, we can look for buying positions for the Nasdaq index
An upward price correction of the index will provide us with new sales position with a suitable risk reward
The index has reached the target of the downward movement of its previous analysis, and you can save a part of your sales position and place your SL in profit
If the index continues to decline towards the specified demand zone, which also intersects with the midline of the descending channel, we can look for buying positions for the Nasdaq index
An upward price correction of the index will provide us with new sales position with a suitable risk reward
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