Technical analysis NAS100 for 22.04.2024

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 16950. The closest resistance is the level 17150

Key levels

• 17350, 17250, 17150, 16950, 16800

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 17150, with Take Profit of 16950 and Stop Loss of 17250

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 17250, with Take Profit of 17350 and Stop Loss of 17150