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In the previous Crude Oil analysis, the main question was:
What kind of structure is the market building?
On this 2-hour chart, the move up from the major low still shows characteristics of an impulsive structure.
In the bullish scenario, this move could be part of a higher-degree Wave 3, and its internal structure is now giving us more clues.
Price is developing a five-wave structure. If this structure continues to unfold as expected and the internal Wave 4 completes, the next move could be Wave 5 of this structure.
103.558 is the first key level I’m watching for confirmation that this scenario is still developing.
If the bullish structure remains intact, 108.618, 111.148, and 114.431 can be used as the next reference areas.
And if the higher-degree Wave 3 is truly expanding, then 118.055, 120.244, and 123.868 come into focus as additional reference levels.
These are not fixed price predictions.
They simply help us track how the structure is developing.
On the other hand, if the current move fails to maintain its impulsive structure and instead develops into a larger correction, another scenario becomes relevant again.
94.199 is the first level I’m watching for invalidation in that scenario, while 66.980 remains the invalidation level for the larger bullish structure.
So the main question is still not:
“Is Crude Oil going up or down?”
The real question is:
“What will the next structure tell us?”
We don’t always need to predict the future.
Sometimes, it’s enough to let the structure reveal itself, one step at a time.
Patterns whisper, and I listen.
— Mr. Nobody 🎧📊
Brent Crude Oil
7 hours ago
Brent Crude Oil | Is Wave III Expanding?
In the previous Crude Oil analysis, the main question was:
What kind of structure is the market building?
On this 2-hour chart, the move up from the major low still shows characteristics of an impulsive structure.
In the bullish scenario, this move could be part of a higher-degree Wave 3, and its internal structure is now giving us more clues.
Price is developing a five-wave structure. If this structure continues to unfold as expected and the internal Wave 4 completes, the next move could be Wave 5 of this structure.
103.558 is the first key level I’m watching for confirmation that this scenario is still developing.
If the bullish structure remains intact, 108.618, 111.148, and 114.431 can be used as the next reference areas.
And if the higher-degree Wave 3 is truly expanding, then 118.055, 120.244, and 123.868 come into focus as additional reference levels.
These are not fixed price predictions.
They simply help us track how the structure is developing.
On the other hand, if the current move fails to maintain its impulsive structure and instead develops into a larger correction, another scenario becomes relevant again.
94.199 is the first level I’m watching for invalidation in that scenario, while 66.980 remains the invalidation level for the larger bullish structure.
So the main question is still not:
“Is Crude Oil going up or down?”
The real question is:
“What will the next structure tell us?”
We don’t always need to predict the future.
Sometimes, it’s enough to let the structure reveal itself, one step at a time.
Patterns whisper, and I listen.
— Mr. Nobody 🎧📊
Brent Crude Oil
7 hours ago
Brent Crude Oil | Is Wave III Expanding?
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน