Technical analysis NAS100 for 16.10.2023

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 15000. The closest resistance is the level 15100

Key levels

• 15225, 15150, 15100, 15000, 14925

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 15100, with Take Profit of 15000 and Stop Loss of 15150

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 15150, with Take Profit of 15225 and Stop Loss of 15100