Oracle (ORCL) – Weekly Demand Zone Re-Test SetupOracle CorporationBATS:ORCLsaal_eliyahu🧠 Oracle (ORCL) – Weekly Demand Zone Re-Test Setup 🟢 Symbol: ORCL Timeframe: 1W Current Price: ~242 USD Setup Type: Swing Long from Demand Zone 📊 Technical Overview After a strong bullish impulse from late 2024 through early 2025, Oracle Corporation entered a corrective phase, pulling back toward a major weekly demand zone around 235 – 245 USD. This zone previously acted as resistance during the mid-2025 breakout and now aligns perfectly with a confluence of multiple bullish indicators suggesting potential continuation of the longer-term uptrend. 🔍 Confluence of Bullish Indicators 1️⃣ Demand Zone Re-Test The current price action sits right above a strong weekly demand block formed during the breakout in early 2025. Buyers previously absorbed heavy supply here before initiating the rally toward 330 USD. The market is now retesting this key zone for liquidity, a classic accumulation pattern before another leg up. 2️⃣ Fibonacci Retracement Support The recent correction retraced to approximately the 0.5–0.618 Fibonacci zone of the entire bullish leg (from 180 USD to 330 USD), which historically serves as a powerful re-entry level in trending markets. 3️⃣ Volume Profile The highest volume node (HVN) on the visible range volume profile aligns with 240 USD, confirming strong institutional interest at this price level. Volume contraction on recent red candles further suggests selling exhaustion. 4️⃣ Moving Averages 20 EMA (weekly) is flattening beneath current price, acting as dynamic support. 50 EMA (weekly) remains firmly below, confirming that the long-term structure is still bullish. A bullish crossover between shorter EMAs (on daily/weekly) would serve as secondary confirmation for trend resumption. 5️⃣ RSI Reset Weekly RSI cooled down from overbought levels (>70) to around 45–50, a neutral zone often marking the end of a corrective wave before new accumulation begins. This reset supports the idea of a continuation move upward. 6️⃣ Candlestick Behavior The last few weekly candles show declining bearish momentum with long lower wicks, indicating buyers are stepping in to defend the 240 USD area. A bullish engulfing candle on this level would strongly validate the setup. 🎯 Trade Plan (Example) EntryStop LossTarget 1Target 2Target 3 242 USD225 USD280 USD310 USD350 USD Risk/Reward: ~1:4 Position Type: Swing / Mid-term Hold 🧩 Summary ✅ Price sitting on a multi-timeframe demand zone ✅ Fibonacci confluence with HVN support ✅ RSI reset and EMA alignment ✅ Declining selling volume with possible reversal candles These factors together form a high-probability swing long setup, assuming bullish confirmation next week. Patience is key, as the market might accumulate for several candles before breakout. 🗣️ Final Thoughts Oracle remains one of the strongest large-cap tech charts structurally. While short-term volatility is possible, the macro trend and technical confluence favor continuation toward new highs as long as the 225 USD support holds.,