NASDAQ Monthly Forecast Movements 1-30 November 2022
NASDAQ Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 9%, decreasing from 9.13% of last month.
This is currently placing us in the 85th percentile according to ATR and 100th according to VXN
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 7.6%
BULLISH Candle : 7.35%
With this in mind we can expect with a close to 26.7% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 12460
TOP: 10375
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
75% chance that we are going to touch the previous monthly high of 11700.
37% chance that we are going to touch the previous monthly low of 10450
We can see that for this month, the implied volatility is around 9%, decreasing from 9.13% of last month.
This is currently placing us in the 85th percentile according to ATR and 100th according to VXN
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 7.6%
BULLISH Candle : 7.35%
With this in mind we can expect with a close to 26.7% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 12460
TOP: 10375
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
75% chance that we are going to touch the previous monthly high of 11700.
37% chance that we are going to touch the previous monthly low of 10450
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🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔻My Website: hercules.money/
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
🔻Discord: discord.gg/hudcJvcCAq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.