Technical analysis SPX500 for 22.10.2024
22.10.2024 20:59
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument entered the cloud
Key levels
5801, 5824, 5841, 5860, 5872
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 5824, with Take Profit of 5872 and Stop Loss of 5801
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 5860, with Take Profit of 5824 and Stop Loss of 5872
Scenario
Recommendation
BUY LIMIT
Entry Point
5824
Take Profit
5872
Stop Loss
5801
Key Levels
5801, 5824, 5841, 5860, 5872
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
5860
Take Profit
5824
Stop Loss
5872