Image Source: Pexels
 

The main stock indices in Europe, FTSE 100, DAX 40, CAC 40, Euro STOXX 50, and STOXX Europe 600, have performed much better the U.S. indices for the past few weeks. In fact, three of them have risen more than 20% from their swing lows in September/October.

Below is a daily chart of the STOXX Europe 600 index, showing a potential bearish-to-bullish reversal pattern (cup and handle, inverse head and shoulder). If the index can stay above the 445 level, then next possible target based on a measured move comes in around 510.
 

(Click on image to enlarge)

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