Technical analysis USA.30 for 23.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the level 29150. The closest resistance is the level 29635

Key levels

• 31250, 30300, 39635, 29150, 28400

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 29150, with Take Profit of 28400 and Stop Loss of 29635

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 29635, with Take Profit of 30300 and Stop Loss of 29150