This is a seasonality chart of XAO taken over a 10 year average. Current Month gains far exceeded the 10 year average of 1.8%, now sitting @ 6.51% at the close yesterday (23/10).
Over the last 5 years ( not shown) the average gains in October was 4.9%. Depending on the time horizon selected the figures vary.
But for November over a 10 year period there is a 22% probability that we may see a down month with 2% loss ( Close compared to open). Whether or not that may be the case we will all find out end of November.
This information may help in preparing for the near future. As always price action is first and foremost. Tentative Price Objectives, statistical work such as seasonality, should only be seen as an additional information, no more.
Chart courtesy of StockCharts.com
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