ORCL – Historical +40% Move to ATH, Wave 5 Completed

2 days ago

My original post was hidden due to a house rule violation, but I’m sharing the setup again here:

Oracle just made a historical one-day gain of over 40% with a gap-up at market open — the largest single-day move in its history. This instantly fulfilled Elliott Wave 5 and pushed price to new all-time highs.

From here, consolidation is expected with an ABC correction, which has not yet started but is likely to begin from this ATH level. At minimum, a 23.6% retracement is highly probable for the first leg, with further direction depending on market structure. The open gap also sits below the 23.6% retracement and will need to be filled at some point.

This is considered a high-probability concept even against the trend, as the plan is to aim for a tight 0.5R trade (1 ATR target, 2 ATR stop loss on the 4H chart). Oscillators don’t play a role here — all are overbought in the uptrend without trend breaks — but this is a different type of entry setup under the Trading Unicorn approach.

Disclaimer: This idea is for educational purposes only. Please do not place trades solely based on this setup.

2 days ago

Trade closed: target reached

yesterday

Note

This trade closed at 0.5R, and that’s exactly the point. I know many aim for 1:3R or higher, but the truth is those often don’t hit on the first attempt. With 0.5R it’s usually the opposite – most of them do hit first.

The psychological side is huge:
- it’s not mentally exhausting,
- it gives quick wins and confidence,
- with an 80%+ winrate, a few quick wins are usually enough to cover the occasional loss and keep the account in balance.

I’m not saying everyone should trade like this, but if you love trading and still feel you’re fighting the market or yourself, this approach is worth thinking about.

And as this one reached target, so did others – for example:

One more important part of the concept: the ATR. It adapts to market conditions, and thanks to leverage, even if the target looks “close,” it’s still possible to take sizeable positions. That means you can capture solid percentage gains – sometimes in just a few minutes – regardless of whether the market is slow or volatile.

Hope this perspective gave you some value.

4 hours ago

Note

Retracement is real. Oracle unfolding bearish: 1 ATR TP hit, then 23.6% retracement reached, and today the 38.2% Fib retracement filled the gap as anticipated.