ORCL — Clean double bottom, retest held. Watching for continuation
https://preview.redd.it/64owf9p7t2zg1.png?width=1894&format=png&auto=webp&s=5eacd1fa00da32f553eb72d91c148051bf05e31e
Been watching ORCL for a while and this setup finally played out pretty clean.
Double bottom formed and confirmed, then we got the pullback to the neckline area (\~165 zone) and it held nicely. That level acted exactly how you'd want — no breakdown, buyers stepped in.
Now it's trying to push higher from there. As long as that neckline holds, structure still looks bullish to me.
There's also that unfilled gap around the retest area which makes the level even more interesting — feels like it got properly “tested”.
If momentum continues, next target area is around the previous resistance (around 200).
Not chasing, but definitely on watch for continuation.
Curious what you guys think — clean setup or too obvious?