WTI Oil is heading for a full wave (C)…up may reach untested territory

🔥 WTI oil is headed for a full wave (C)…up may reach temporarily untested areas
Muhammad Al-Halawani 🔱 Analysis by Control Academy
📌 (df-OIL-7719) Market Structure

The oil moves in a clear waveform A → B → C:

Wave A ends at 64.60

Wave B falls sharply until the demand range is between:
57.20 – 56.60

Current price action shows strong liquidity absorption at the bottom with a clear rejection candle.

This pattern indicates the beginning of a broad upward wave C.

📌 (df-OIL-5521) Effective rebound area

Green area between:

57.20 – 56.60
This is the major reversal area.

Staying above this level means a bullish scenario is in place.

📌 (df-OIL-8840) Bullish Scenario (Baseline)

Once the price leaves the 58.20 zone, the bullish structure will begin to gradually move toward:

1️⃣ 61.48
2️⃣ 62.46
3️⃣ 64.68
4️⃣ 67.10 – 68.30
5️⃣ 70.50 – 72.10 (full wave C target)

The green path in the diagram accurately reflects this wave.

📌 (df-OIL-4410) Bearish scenario (less likely)

If 56.60 is broken and closed clearly:

Quick drop to: 55.10 – 54.20

A sharp rebound is expected thereafter due to huge demand.

But the probability is less than 20%.

📌 (df-OIL-1190) Suggestion

🔹 Incremental Acquisition (DCA):
57.20 – 56.60

🔹Stop Loss (SL):
Close below 56.40

🔹Target (TP):
61.48
62.46
64.68
67.10
70.50 – 72.10

🔹Additional entries:
When the strong candle breaks above 58.90.

📌 Conclusion – Control Academy 🔱

Oil is now emerging from a deliberate pressure wave and is preparing for a C-wave that will be ruthless to those who come after us. Entering without capital management is reckless…and the market does not reward recklessness. 🔱