We can see that currently the implied volatility for this week is around 2.82%, DOWN from 2.9% last week according to DVOL data
With this in mind, currently from ATR point of view we are located in the 24th percentile, while according to VDAX, we are on 8th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.87% movement Bearish: 2.4% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 17.9% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 14714 BOT: 13886
Taking into consideration the previous weekly high/low, currently for this candle there is : 35% probability we are going to touch previous high 14500 66% probability we are going to touch previous low 14200
Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 66% BULLISH trend from the moving averages index Daily timeframe indicates 40% BULLISH trend from the moving averages index 4H timeframe indicates 13% BEARISH trend from the moving averages index
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