Technical analysis NAS100 for 25.11.2021
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 ready to roll over from ascending to descending. Instrument entered the cloud. The closest resistance is the level 16425. The closest resistance is the level 16290
Key levels
- 16470, 16570, 16425, 16290, 16150, 16030
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 16290 and Stop Loss of 16425
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 16290, with Take Profit of 16425 and Stop Loss of 16150
Scenario
Recommendation
SELL
Entry Point
16385
Take Profit
16290
Stop Loss
16425
Key Levels
16470, 16570, 16425, 16290, 16150, 16030
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
16290
Take Profit
16425
Stop Loss
16150
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.