USOIL Bullish Wolf Wave Pattern – Explained and Trade PlanThis 1-hour chart of WTI Crude Oil (USOIL) visualizes a classic bullish Wolf Wave pattern. Wave points 1, 3, and 5 form the lower channel, while points 2 and 4 set the upper boundary. Point 5 exhibits a typical overshoot below the 1-3 trendline, confirming a reversal zone. Entry is taken at 57 after
USOIL Near Final Leg USOIL is forming a clear corrective pattern inside a falling channel. Price is currently in the final leg of wave (5) of (C), suggesting one more dip is likely before reversal.
The downside target lies near 5,000–5,200 , where support from the channel base aligns. Once this level holds, a strong b
Crude Oil (WTI) Technical Analysis - October 17, 2025Current Price and OverviewAs
WTI Crude Oil is trading at 56.88 USD, down 0.58 (-1.01%) on the day. The market remains firmly in a bearish trend, with prices continuing to decline amid broader impulse wave C within a multi-month downtrend that began in July. Recent trading saw a brief rebound after
WTI Crude Oil – Dual Falling Wedges in Play!🛢️ #WTICrudeOil
CMP: $58.25
🟡 S maller Falling Wedge (Yellow)
• Breakdown candle formed
• Breakdown confirmation on weekly close below $58.22 (low of breakdown candle)
• Target: $52.71
• Converges with key price action support zone at $52.48–50.55
• Also aligns with long-term wedge
USOIL is in a critical zoneHello,
USOIL is currently at a major support level that has held for the past 2 months. There are two possible scenarios: either the support holds and USOIL bounces back toward the resistance at $66, or the support breaks and the price moves down to the next level at $60,
Ibrouri Abdessamad
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Displays a symbol's price movements over previous years to identify recurring trends.