Technical analysis SPX500 for 11.10.2024
11.10.2024 04:06
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, 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
Key levels
- 5600. 5700, 5750, 5800, 5850
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 5700, with Take Profit of 5850 and Stop Loss of 5600
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 5800, with Take Profit of 5700 and Stop Loss of 5850
Scenario
Recommendation
BUY LIMIT
Entry Point
5700
Take Profit
5850
Stop Loss
5600
Key Levels
5600. 5700, 5750, 5800, 5850
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
5800
Take Profit
5700
Stop Loss
5850