So ORAI is getting closer to the bottom. I show two ending scenarios.
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Update for the diagonal scenario. I had an error on my fibonacci pull. The diagonal will invalidate if "diagonal wave 3" crosses $1.82 . If this occurs, move on to scenario 2.
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ORAI has bottomed near where I thought. The 21 EMA has crossed the 55 EMA on the daily, which is a bullish sign. If you are on the fence about buying ORAI, its time to buy.
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Here is a 1 hr chart showing a 5 wave impulse off the bottom followed by a corrective structure which looks like it will be a wave 2 flat with an ending contracting diagonal.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.