Technical analysis NAS100 for 15.03.2024

15.03.2024 17:21
Intraday
Technical

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 17775. The closest resistance is the level 17950

Key levels

  • 18100, 17950, 17775, 17650, 17475

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 17775, with Take Profit of 17950 and Stop Loss of 17650

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 17650, with Take Profit of 17475 and Stop Loss of 17775

Scenario
Recommendation
BUY LIMIT

Entry Point
17775

Take Profit
17950

Stop Loss
17650

Key Levels
18100, 17950, 17775, 17650, 17475
Alternative scenario
Recommendation
SELL STOP

Entry Point
17650

Take Profit
17475

Stop Loss
17775