Technical analysis NAS100 for 23.04.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 17350. The closest resistance is the level 17500

Key levels

• 17850, 17650, 17500, 17350, 17100

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 17500, with Take Profit of 17650 and Stop Loss of 17350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 17350, with Take Profit of 17100 and Stop Loss of 17500