Currently the volatility for DAX is at 6.28%, up from 6.13% last month. From the volatility current percentile we are located on 57th place, and based on this we can expect the monthly candle to make the next aprox movement: Bullish : 5.686% Bearish : 5.885%
With this in mind we have currently 84.1% that the market is going to stay within the next channel TOP Limit: 14850 BOT Limit: 13135
If we are going to take a look into the previous monthly high and low points, currently there is a : 34.43% to hit the previous monthly high 57.86% to hit the previous monthly low
Lastly from the technical analysis point of view, currently Weekly Timeframe : 40% of rating moving averages is indicating BULLISH Monthly Timeframe : 66.67% of rating moving averages is indicating BULLISH