Crude Oil Analysis Decoded, A Learning Journey

RK_Charts Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Hello Friends

Here we had shared Educational purpose case study of US Oil (Crude Oil) Technical Analysis, A Low-Risk, High-Reward Opportunity.

Welcome to this educational analysis of US Crude Oil (commonly known as Crude Oil). Today, we're exploring an intriguing opportunity in the world of technical analysis.

In the realm of wave analysis, we've identified an exciting prospect in the Crude Oil market. Let's break it down:

We've recently completed "wave 4," a significant corrective wave.
Now, it appears we're at the beginning of "wave 5," the final leg of the sequence.

The Potential

So, what's the potential here? Blue wave 5 has the characteristics of being an impulse wave, known for its strong and sustained price movement. In this case, we anticipate it could surpass the top of wave 3, which was at $94.99.

Risk-Reward Analysis

Now, let's talk about risk and reward. Here's where it gets interesting:

We've set an invalidation level at $87, which means if the price drops below this point, it suggests our analysis might not be on track.

If wave 5 plays out as expected, it has the potential to lead to significant price gains.

Characteristics of Wave 5

What makes wave 5 special?

It's typically marked by strong momentum, often accompanied by increased trading volumes.
Traders often find this phase exhilarating, as it can lead to substantial profits.

Risk-Reward Ratios

When considering this opportunity, the risk-reward ratio is a critical factor.

The risk, as mentioned, is if the price falls below $87, which is our invalidation point.
The reward potential is significant, with the possibility of surpassing $94.99, presenting an attractive risk-reward profile.


In conclusion, we've identified a low-risk, high-reward opportunity in the Crude Oil market, characterized by the unfolding wave 5. Remember, this analysis is for educational purposes only and should not be considered financial advice.

I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.

Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!

Hope this post is helpful to community

Disclaimer and Risk Warning.

The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.

Crude Oil looks tricky at the moment because as far as it remains above 161.8% fib extension area of A-B which is pegged at 87.17, it can still bounce back,
but if that level breaks then it will be doing a double correction lower from the peak towards 83.02- 78.53 equal legs area before it can resume the upside.

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I am not sebi registered analyst.
My studies are for educational purpose only.

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