My prediction for next week: First, the tax incentives for selling that exist today will be gone. Second, many Wall St. people who are on vacation today will be back at work. Third, Financial media narrative seems to be pumping the idea that 2021 will be fantastic for stocks (and I've learned never to fight the narrative even if I disagree). Fourth, dollar...
The bullish signals continue to be confirmed after the appearance of this last hammer pattern (a), added to the decreasing volatility, which results in the triangle pattern. The setup consists of waiting for the triangle to break bullish in the next few days, waiting for a pullback and buying at the first signs of change after the pullback.
Bearish signals: - double top pattern - Trend line break