Nasdaq Weekly Forecast 10-14 October 2022

Nasdaq Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 5.08% for this week, falling from the 5.14% from the last week.
Currently there is around 23.6% that the asset is going to close either above or below the channel:
TOP 11636
BOT 10500

The current volatility percentile is around 90th, placing us in very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 2.97%
AVG weekly bear candle = 3.6%


At the same time, there is currently a 75% that we will touch the high of previous weekly candle of 11729
and there is a 25% that we will touch the low of the previous week of 11067


From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a BEARISH trend ( the current price is below those moving averages)