#WTI πΊπΈ | Elliott Wave Outlook on the 1-Hour TimeframeUS Crude Oil SPOTCFI:WTIShaaban_taher π’οΈ A Temporary Rally Could Precede Another Bearish Move γ½οΈ West Texas Intermediate (WTI) crude oil is currently moving within an ascending corrective channel. From an Elliott Wave perspective, the price structure suggests that a Double Zigzag correction may be approaching completion. π In the short term, the recovery could extend toward 97.099, which represents a potential target for the completion of the upward corrective movement. π Following this potential recovery, selling pressure could emerge, pushing prices below the previous low at 88.741, with the 86.622β85.768 zone representing an ideal downside target area. π This scenario remains conditional on the completion of the bullish correction and the appearance of technical signals confirming a potential bearish reversal. β οΈ **Financial Risk Warning:** This analysis is not a recommendation to buy or sell. Trading involves significant risks, including the potential loss of your capital. Do not make financial decisions based solely on this analysis. Always conduct your own research before trading. #WTI #USOIL #CrudeOil #OilTrading #ElliottWave #ElliottWaveAnalysis #TechnicalAnalysis #WaveAnalysis #DoubleZigzag #PriceAction #BearishOutlook #Commodities #TradingView