DAX Weekly Forecast 10-14 October 2022

DAX Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 4.25% for this week, falling from the 4.53% from the last week.
Currently there is around 18.2% that the asset is going to close either above or below the channel:
TOP 12727
BOT 11623

The current volatility percentile is around 90th, placing us in a very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 1.83%
AVG weekly bear candle = 2.5%


At the same time, there is currently a 73% that we will touch the high of previous weekly candle of 12674
and there is a 26% that we will touch the low of the previous week of 11894


From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a bearish trend ( the current price is below those moving averages)