Crude Oil [WTI] Analysis with EW Theory 12/9/2026

442
Completed Wave:-
Major Wave: Wave iii in the circle (green)
Minor Wave: Wave (v) (blue)

Current Wave in Progress:-
Major Wave: Wave iv in the circle (green) - In support zone
Minor Wave: To be confirmed later. Just sit back and relax. Still fresh.

Possible Patterns for current wave:-
Major Wave: Flat 335, Triangle 33333, Complex (Double zigzag)
Minor Wave: 12345 to form a new wave (a) of wave iv in circle

Invalidation:-
Major & Minor Wave: $84.69

Disclaimer:
This analysis is only for study purposes only. It's not recommended to buy or sell based on this analysis.
Note
Updated chart

snapshot

The retracement is possible for first leg, wave (a) of wave 4
Note
As of Friday, 9 Oct 2026, the price dropped in the Wave i (in the green circle) zone. I assume the wave iv is still there and my bias is still in uptrend; thus, I need to revise the EW counting. See you in the next post.

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