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.
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.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.