Technical analysis NAS100 for 24.10.2022

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 11180. The closest resistance is the level 11365

Key levels

• 11650, 11365, 11180, 11030, 10890, 10710

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 11180, with Take Profit of 10890 and Stop Loss of 11365

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 11365, with Take Profit of 11650 and Stop Loss of 11180