Technical analysis NAS100 for 02.09.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 12430. The closest resistance is the level 12210

Key levels

• 13375, 12935, 12430, 12210, 11935, 11500

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 12210, with Take Profit of 11935 and Stop Loss of 12430

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 12430, with Take Profit of 12650 and Stop Loss of 12210