Slow upside for France - But is it inevitable to 8,645?France and Germany and I guess Europe in general is just slow.
Lifestyle is slow and steady, not major developments.
Life continues with a somewhat socialistic form of living.
And so moves the indices in Europe the same way.
We established a Cup and Handle, and was waiting for a breakout above the brim level. Which We kind of got.
But now we are in consolidation mode, and we can expect some sideways before it breaks out of what looks like a Descending Triangle.
The funny thing is Descending Triangles generally have breakouts to the downside, but we are anticipating it breaks up.
Biased maybe. Intuition - Yes.
Cup and handle
Price>20 and 200MA
Target 8,645
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