Technical analysis NAS100 for 30.10.2023
Intraday
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 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
Scenario
Recommendation
SELL STOP
Entry Point
14225
Take Profit
14100
Stop Loss
14350
Key Levels
14600, 14475, 14350, 14225, 14100
Alternative scenario
Recommendation
BUY STOP
Entry Point
14350
Take Profit
14475
Stop Loss
14225
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.