Oscar Health moves in cycles. It's possible to observe algorithmic confluence with the 3rd extension at 1.618 (~$60). The price reacted to the algorithmic expansion channel as expected and retraced to the equilibrium of the weekly bullish breaker. Therefore, the price behavior I anticipate is an aggressive expansion toward the next algorithmic level around $30, potential consolidation thereafter, and a final expansion toward the end-of-cycle target in the $60s.
This analysis is purely speculative and for educational purposes only.
This analysis is purely speculative and for educational purposes only.
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