$NVDA (29 Dec 2024-monthly chart, not yet finalized)

The monthly chart is worth more than a million dollars. The bullish trend remains intact on the monthly chart, as the red ribbon continues to unfold with a staggering whale accumulation of over 97.96%.

In addition to employing the whale accumulation pattern, I utilize three other indicators: the red candle, the chip system, and a proprietary volatility indicator to assess the momentum of both uptrends and downtrends.

Over the past year, there were claims that the AI cycle and $NVDA were over when $NVDA was trading between $30 and $35. Back in April, when NVDA retraced to $76 after peaking at $94, I received numerous messages inquiring if I had sold my shares. 

Recently, I've noticed several technical analyses highlighting head and shoulder patterns for NVDA again. However, if whale accumulation exceeds 85% on the weekly chart, the classic head and shoulder pattern is hard t  materialize. This logic also applies to $PLTR when most analysts have been inaccurate. 

Whales often deceive retail investors by setting up bear traps, reshuffling, and reloading to confuse the market. The three-month consolidation pattern sets the stage for a breakout, especially if we can observe stronger whale accumulation on both daily and weekly charts.