ORCL TF: 1W
Oracle continues to move within a well-defined ascending channel, forming a clean 5-wave impulsive structure. The price is currently coming out of a completed wave (4) correction, which perfectly tapped into the key retracement zone:
• 0.618–0.786 Fibonacci retracement
• High-volume node on VPVR
• Lower boundary of the rising channel
This creates a strong technical cluster that supports a bullish continuation.
••Main Idea
I expect a full development of the final wave (5), which may extend further as Oracle continues to benefit from cloud growth, AI infrastructure demand, and corporate IT spending.
•••Why This Looks Like Wave (5)
1.Wave (3) was strong and impulsive with a clear vertical expansion.
2.Wave (4) formed a prolonged and corrective pullback — typical for large caps.
3.VPVR shows a dense demand cluster at the correction bottom.
Price respected the long-term trendline and re-entered the channel.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.