ORCL – Elliott Wave RoadmapOracle CorporationBATS:ORCLpricewerkOracle appears to be working on a larger bullish Elliott Wave structure after completing a broad corrective phase into the April low. The primary interpretation is that the decline from the 2025 high unfolded as a larger wave II correction, while the recent advance from the spring low marks the beginning of a new impulsive sequence. The first rally leg into the June high can be counted as wave 1. This move showed strong impulsive character and confirmed that buyers were again willing to step in aggressively after the prior correction. The current pullback is therefore best interpreted as wave 2, which is now testing an important retracement and support area around the 175–185 USD zone. Primary Scenario As long as ORCL holds above the wave 2 low, the bullish structure remains intact. A sustained recovery above the 195–205 USD area would be the first indication that wave 2 has likely completed and that wave 3 is beginning. In that case, the next larger upside phase could develop dynamically, with the projected wave 3 target zone located between the 1.618 and 2.000 Fibonacci extensions. This gives an upside target area around 357–400 USD. Within this scenario, any smaller pullbacks after a breakout should be viewed as potential sub-wave consolidations rather than a structural trend reversal. Key Levels Support / wave 2 area: 175–185 USD First bullish confirmation: reclaim of 195–205 USD Major wave 3 target zone: 357–400 USD Short-term invalidation: break below the recent wave 2 low Larger bullish invalidation: break below the April wave II low Conclusion The chart currently offers a constructive Elliott Wave setup. ORCL may be in the early stages of a larger third-wave advance, but confirmation is still required. The most important signal would be a clear bullish reaction from the current support zone followed by a breakout back above the recent corrective structure. As long as the wave 2 low holds, the preferred scenario remains bullish, with the potential for a strong wave 3 extension over the coming weeks and months.