Technical analysis NAS100 for 07.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 11935. The closest resistance is the level 12210
Key levels
- 13935, 12650, 12430, 12210, 11935, 11500
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 11935, with Take Profit of 11500 and Stop Loss of 12210
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 12210, with Take Profit of 12650 and Stop Loss of 11935