Oracle (ORCL) just completed a parabolic +20% move. Now it's flashing clear signs of exhaustion:
Bearish candle forming just below the EMA21
RSI spiked above 80 and is now curling down
Volume is fading while price stalls
Long upper wicks = visible selling pressure
This setup fits perfectly with my strategy: “The Eagle Trap” 🦅 — designed to catch short-term tops after euphoric rallies.
🔻 PUT thesis:
If price breaks below $212 with strong volume, targets are:
$208 → $202 → $198.
🎯 Invalidation:
If it reclaims $217 with heavy volume, the trade is off.
I don’t force trades — but I’m ready to strike if the breakdown confirms.
🔔 Follow me for real setups, weekly traps, and full strategy breakdowns.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.