UKOILIn this idea I tried to study longterm bullish scenario. Clearly there are othre Scenarios which imply longterm bullish continuation.
Last bullish wave whic is marked as a (X) wave has enough clarity to recognize as an 3 wave corrective Wave ( Double zigzag).
If the price shows weakness to pass 120$
Is Wave 3 Beginning, or Is One More Correction Still Ahead?## Crude Oil: Is Wave 3 Beginning, or Is One More Correction Still Ahead?
From the largest Elliott Wave perspective, crude oil remains within the final fifth wave of the highest degree.
Following the completion of the larger-degree Wave 4, an entire eight-wave cycle appears to have been completed.
BRENT CRUDE | (3H) | THE CHART ALCHEMIST (11-AUG-2026)📊 BRENT CRUDE — BUY TRADE SET-UP | (3H) | THE CHART ALCHEMIST
🟢 Buy Zone: $90.966 – $92.487
🎯 Target Prices:
• TP1: $94.616
• TP2: $97.937
• TP3: $101.306
• TP4: $101.396
🛑 Stop Loss: Below $89.781
⚠️ Disclaimer: This is for educational and informational purposes only, not financial advice. Tra
Brent Crude Oil: The Next Big Move? | 4H Breakout & GeopoliticalHello everyone and welcome back to all my TradingView followers! 👋📊
I hope you are all doing great and trading safely. Today, we are taking a closer look at Brent Crude Oil, combining the fundamental and technical perspectives, especially as geopolitical risks in the Middle East continue to influenc
Brent Crude Oil: Massive Bullish Expansion Toward $140 TargetBrent Crude Oil has confirmed a solid bullish market structure, shifting our macro bias firmly to the upside.
In my previous Oil analysis, I outlined two potential paths. Market price action has now validated Scenario B
With this structural confirmation, the path is now open for an expansion towa
Wave III?Crude Oil: Wave III?
From an Elliott Wave perspective, the move from the 70.225 low to approximately 96.128 appears to have developed as a complete five-wave Impulse, which can be considered Wave (1) of a higher degree.
The market then entered a corrective phase that appears to have completed arou
Brent Crude and the Battle Between Two VWAPsBrent crude has spent much of the past month caught between two competing macro narratives. Supply disruption across the Middle East continues to underpin prices, while weaker demand forecasts and slowing global growth have limited the market's ability to sustain rallies.
One of the clearest ways
Crude Oil: Is a Larger Wave III Beginning?From an Elliott Wave perspective, the current structure suggests that Waves I and II of the current degree may be complete, placing the market at a critical stage.
Wave I developed as a five-wave Impulse, followed by Wave II unfolding as a corrective structure. Therefore, under the aggressive scena
Brent crude oil is likely to undergo a correction (1D)Since we placed the red arrow on the chart, Brent crude oil has entered a corrective phase.
The correction appears to be forming a triangle, and Wave D now looks complete. Wave D was bullish.
Wave E now appears to be underway, and in this triangle, Wave E is expected to be bearish.
From the green
Oil: The 42% Rally May Be Only the BeginningIn previous analyses, the highlighted percentage-based zones were discussed in detail. The $70 area, identified as the primary origin of the expected move, was reached as anticipated. At the time, I noted that this level could become the starting point of a major bullish cycle while also reflecting
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Displays a symbol's price movements over previous years to identify recurring trends.









