ORCL 10/8/2023
Updated
ORCL
Was in an uptrend the 1st have of 2023 topping out in June 2023.
Price then started to move sideways and formed a what looks to be a M top pattern.
Price has broken thru the neckline of the M top pattern and the trendline the uptrend created. This is my que to enter trade short.
Entry: 110.07
Stoploss: 116.48, -5.82%
Target #1: 85.00, +22.78%, 3.91 RR ratio
Target #2: 62.08, +43.60%, 7.49 RR ratio
Was in an uptrend the 1st have of 2023 topping out in June 2023.
Price then started to move sideways and formed a what looks to be a M top pattern.
Price has broken thru the neckline of the M top pattern and the trendline the uptrend created. This is my que to enter trade short.
Entry: 110.07
Stoploss: 116.48, -5.82%
Target #1: 85.00, +22.78%, 3.91 RR ratio
Target #2: 62.08, +43.60%, 7.49 RR ratio
Trade closed: stop reached
Stoploss: 116.48, -5.82%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.