Technical analysis NAS100 for 26.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 14625. The closest resistance is the level 14725

Key levels

• 14950, 14850, 14725, 14625, 14475

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 14625, with Take Profit of 14475 and Stop Loss of 14725

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 14725, with Take Profit of 14850 and Stop Loss of 14625