ORCL Ready for a Pull back before rally to 150 final target?
After the drop and downgrade from JP Morgan from 112 to 100. Oracle completed its (4) wave. Possible completing a subwave 1 (blue color), price looks losing steam, so maybe it is time for a healthy pullback to wave 2 (yellow box) and continue for the best wave 3 rally and get the target at the golden ratio.
Of course, news could invalidate this count, but in the bullish scenario, this is the road map I believe could get Oracle to 150 around.
Good luck!
Of course, news could invalidate this count, but in the bullish scenario, this is the road map I believe could get Oracle to 150 around.
Good luck!
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.