STOXX 50 ( SX5E) Monthly Chart Outlook.

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

stoxx5016032018

Disclaimer

All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.

 

 

 

 

Comments are closed.