Technical analysis NAS100 for 16.09.2022
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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 12210.00. The closest support is the level 11500.00
Key levels
- 12650.00, 12430.00, 12210.00, 11500.00, 11220.00, 10905.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 12210.00, with Take Profit of 12430.00 and Stop Loss of 11700.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 11500.00, with Take Profit of 11220.00 and Stop Loss of 11700.00