ORCL: Riding the VWAP Waves Towards Critical Support! Oracle CorporationBATS:ORCLManiMarkets🌊 ORCL: Riding the VWAP Waves Towards Critical Support! 🧐 Oracle (ORCL) has displayed remarkable strength, and its current price action is nearing critical support levels that demand attention from traders and investors alike. Established Uptrend & Underlying Strength: ORCL has been in a robust ascending trend ⬆️⬆️⬆️ since its April lows, clearly demonstrated by the dominant purple trendline. This sustained upward momentum indicates strong underlying demand and positive market sentiment, with buyers consistently stepping in to support higher prices. Primary Support Confluence: Fibonacci & Trendline: The stock is currently undergoing a healthy correction, approaching a highly significant Fibonacci Golden Zone 🟡 between $225 and $230. This zone aligns perfectly with the crucial ascending trendline 🟣 that has guided the uptrend. Furthermore, an Anchored VWAP 🌊, reflecting volume-weighted average price from a key low, converges into this same area. This powerful confluence of indicators makes this zone a critical area for potential support and a strong candidate for a bullish reversal. Deeper Support Layers: Point of Control & Breakout Level: Should the primary Fib Golden Zone fail to hold, deeper but equally significant support levels await. The Point of Control (POC) ⚖️ at $210 to 215 represents a high−volume node where significant trading activity occurred, often acting as a magnet and strong support. Further down, the Previous Breakout Level 🧱from $195 to $200 marks a re-test of prior resistance that turned into support, offering a final robust line of defense. Outlook: Patience for Confirmation: Traders should closely monitor price action around the $225−$230 zone. A bounce and sustained move higher from this confluence, ideally accompanied by increased volume, would signal confirmation of the uptrend's continuation. Conversely, a decisive break below these levels would shift focus to the deeper support zones. The current setup offers strategic entry opportunities for those looking to participate in ORCL's ongoing uptrend. Disclaimer The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.