WTI Crude Oil – Wolfe Wave Pattern Analysis

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WTI Crude Oil – Wolfe Wave Pattern AnalysisWTI CRUDE OILTVC:USOILshiva560060WTI crude oil is approaching a key resistance zone around 94.00–94.35, where the fifth wave of the marked structure appears to be completing. The chart suggests a potential reversal from this resistance, with a downside move developing along the projected path. The immediate outlook is bearish if price fails to sustain above the resistance zone. A break below the recent support structure could accelerate the decline toward the projected target of 88.50, as marked on the chart. A sustained move above 94.35 would invalidate the immediate bearish setup and could open the way for further upside. Disclaimer: This analysis is for educational purposes only and is not financial advice. Technical patterns are not guaranteed to play out as expected. Trading involves risk, and independent verification and appropriate risk management are essential.