Technical analysis NAS100 for 01.02.2024
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 17100. The closest resistance is the level 17275

Key levels
- 17500, 17275, 17100, 16975, 16800
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 17100, with Take Profit of 17275 and Stop Loss of 16975
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 16975, with Take Profit of 16800 and Stop Loss of 17100