Oracle looking spicy on the charts rn
OBV (on-balance volume) is hinting at a potential double bottom forming. For those who don't speak chart nerd — basically means the selling pressure might be done and we could be setting up for a bounce.
Double bottoms are one of those patterns that actually work sometimes (unlike most TA cope). When volume confirms it like this, it's worth paying attention.
Not financial advice obviously but $ORCL been beaten down enough that a reversal wouldn't shock me. Tech's been getting murdered lately so any sign of life is interesting.
Anyone else watching this or am I just seeing patterns in clouds? 👀
OBV (on-balance volume) is hinting at a potential double bottom forming. For those who don't speak chart nerd — basically means the selling pressure might be done and we could be setting up for a bounce.
Double bottoms are one of those patterns that actually work sometimes (unlike most TA cope). When volume confirms it like this, it's worth paying attention.
Not financial advice obviously but $ORCL been beaten down enough that a reversal wouldn't shock me. Tech's been getting murdered lately so any sign of life is interesting.
Anyone else watching this or am I just seeing patterns in clouds? 👀
