Technical analysis NAS100 for 08.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above 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 16180. The closest resistance is the level 16430
Key levels
- 16770, 16430, 16180, 16000, 15850, 15850, 15725, 15550
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 16180 and Stop Loss of 16430
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 16430, with Take Profit of 16770 and Stop Loss of 16180
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.