Technical analysis NAS100 for 25.08.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. 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 12925. The closest resistance is the level 13075

Key levels

• 13720, 13415, 13225, 13075, 12925, 12730, 12430

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 12730 and Stop Loss of 13225

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 13225, with Take Profit of 13415 and Stop Loss of 13075