Technical analysis NAS100 for 30.10.2023

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 14225. The closest resistance is the level 14350

Key levels

• 14600, 14475, 14350, 14225, 14100

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 14225, with Take Profit of 14100 and Stop Loss of 14350

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 14350, with Take Profit of 14475 and Stop Loss of 14225