ORAI with two ending scenarios added

By gz1968

Updated

So ORAI is getting closer to the bottom. I show two ending scenarios.

Note

Note

Update for the diagonal scenario. I had an error on my fibonacci pull. The diagonal will invalidate if "diagonal wave 3" crosses $1.82 .
If this occurs, move on to scenario 2.

Note

ORAI has bottomed near where I thought. The 21 EMA has crossed the 55 EMA on the daily, which is a bullish sign. If you are on the fence about buying ORAI, its time to buy.

Note

Here is a 1 hr chart showing a 5 wave impulse off the bottom followed by a corrective structure which looks like it will be a wave 2 flat with an ending contracting diagonal.

gz1968

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