Rykin_Capital

Oracle Heralding its Fall. ORLC

Short
NYSE:ORCL   Oracle Corporation
Massive Divergence on the monthly. Impulse, it seems, is out of most of the steam and we are turning around. How low are we going to go? Fibonacci gives us some viable goals and we included three.

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!