Technical analysis NAS100 for 18.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 11200. The closest resistance is the level 11450

Key levels

• 11650, 11450, 11200, 10950, 10650

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 11200, with Take Profit of 11450 and Stop Loss of 10950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 10950, with Take Profit of 10650 and Stop Loss of 11200