Technical analysis NAS100 for 08.01.2024
08.01.2024 02:01
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 16250. The closest resistance is the level 16350
Key levels
- 16450, 16350, 16250, 16125, 16000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 16350, with Take Profit of 16450 and Stop Loss of 16250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 16250, with Take Profit of 16125 and Stop Loss of 16350
Scenario
Recommendation
BUY STOP
Entry Point
16350
Take Profit
16450
Stop Loss
16250
Key Levels
16450, 16350, 16250, 16125, 16000
Alternative scenario
Recommendation
SELL STOP
Entry Point
16250
Take Profit
16125
Stop Loss
16350