DAX January 2023 Volatility Analysis

DAX January 2023 Volatility Analysis

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