NIKKEI 225 Monthly Forecast Movements 1-30 November 2022 NIKKEI 225 Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 4.56%, rising 3.68% of last month.
This is currently placing us in the 25th percentile according to ATR and 83th according to JNIV
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 : 4.7%
BULLISH Candle : 3.1%
With this in mind we can expect with a close to 23.4% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 26600
TOP: 28630
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
80% chance that we are going to touch the previous monthly high of 27600 (already happened yesterday)
25% chance that we are going to touch the previous monthly low of 25600