Why bother with monthly chart of European Top 50 one may ask ? In order to know what the primary/major trend in a major time frame is in order to be in sync with it.
BULL mode ( primary/major trend) continues with broadening pattern in it’s medium term ( intermediate term). What do we expect from the pattern ? Since the primary trend is up, expectation may be to see it resolve with an upside breakout and test the overbought line of the channel.
Looks like XAO chart in my opinion.
Free chart is courtesy of tradingview.com
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