ORCL 10/8/2023

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ORCL

Was in an uptrend the 1st have of 2023 topping out in June 2023.
Price then started to move sideways and formed a what looks to be a M top pattern.
Price has broken thru the neckline of the M top pattern and the trendline the uptrend created. This is my que to enter trade short.

Entry: 110.07
Stoploss: 116.48, -5.82%
Target #1: 85.00, +22.78%, 3.91 RR ratio
Target #2: 62.08, +43.60%, 7.49 RR ratio
거래청산: 스탑 닿음
Stoploss: 116.48, -5.82%
Double Top or BottomSupport and ResistanceTrend Analysis

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