On October 20, 2024 it was noted that a 4th quarter peak is expected before stock markets move lower. Development of the NVIDIA ascending triangle shown below indicated a planned effort was underway based on placement of Market Maker’s large block trades. Their trading patterns supported an effective method of accumulation and distribution of inventory. At this point history shows a 70% chance of movement to the upside. This pattern is similar to Apple’s chart between July – October 2024.
Note that this information is for educational purposes only and illustrates observations of trade patterns. It is not a recommendation.
Chart courtesy of StockCharts.com.
