Technical analysis NAS100 for 16.02.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 17955.00. The closest support is the level 17530.00

Key levels

18340.00, 18130.00, 17955.00, 17530.00, 17335.00, 17120.00

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 17955.00, with Take Profit of 18130.00 and Stop Loss of 17750.00

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 17530.00, with Take Profit of 17335.00 and Stop Loss of 17750.00