Watch out for Oracle to break the current uptrend on weekly, it's getting weaker along with the distribution on daily which has started about a month ago and still ongoing. The current weekly uptrend is still holding up but it's getting weaker and in danger for a possible downtrend, for now we need more time to see the confirmation.
Watch the blue lines as pivots to hold the support.
Watch the blue lines as pivots to hold the support.
Note
P.S.There are many other indicators that are being used for this TA, the above snapshot is only an example.
Moreover, I've been doing technical analysis for quite some time, and I'm neither bullish nor bearish, I'm a swing trader who likes TA. And as you should know - always make your own choices.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.