Crude Oil: How Market Structure Reveals the Next MoveWTI Oil SpotFX:USOILSPOTMehdi_Abbasi_EWPCrude Oil: Following Structure, Not Predictions In this chart, we revisit a previous Crude Oil analysis that was published before the beginning of the recent bullish move and even before the latest geopolitical developments. The purpose of this analysis was never to predict a specific event or guess the future. The goal was to study price behavior and understand the structure that the market was developing. At that time, after completing a larger corrective structure, the market began showing signs of a change in wave personality. For us, the important factor was not only the direction of the move, but the character of the waves themselves. According to the Elliott Wave Principle, structures often reveal themselves before major market movements occur. An impulsive move, a correction, or a complex pattern each has its own unique personality. By analyzing this behavior, the bullish scenario became valid when price started developing an initial impulsive structure and respected the key levels highlighted on the chart. However, the important point is this: We did not say that the market must move higher. We simply presented a scenario based on the existing structure and allowed price action to confirm or invalidate it. Today, the same approach continues. The goal is not to be biased toward bullish or bearish outcomes. The goal is to get closer to the logic of the Elliott Wave Principle and develop a deeper understanding of market structure. The market always writes its own story. Our job is to learn how to read it. Patterns whisper. I listen. — Mr. Nobody WTI Crude (OIL) / US Dollar 1 hour ago Crude Oil: Beyond Market Direction, Understanding Market Structu Jul 6 US Oil (WTI) – 4H Elliott Wave Update