NASDAQ Weekly Volatility Forecast 31/10 - 04/11 2022

NASDAQ Weekly Volatility Forecast 31/10 - 04/11 2022

Currently the volatility for this week is around 4.9% , up from expected 3.8% last week.
According to ATR calculation, currently the volatility is located around 80th percentile.

Under this circumstances the expected movement of the candle is :
BEAR : 3.5% from the opening point of the weekly candle
BULL : 3.25% from the opening point of the weekly candle

At the same time, currently there is 10.8% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 12040
BOT: 11150

Lastly, taking into account the previous weekly high and low there is a :
75% chance that we are going to touch the previous week high
25% chance that we are going to touch the previous week low