WTI Oil Spot forum
actual 4th wave building a triangle. guess we breakout to the downside, getting our last pump down as wave 5.

Key Areas on the Chart
ENTER LAYER (Blue Box at 62.83)
This is the potential sell entry zone.
Price is expected to retrace back to this zone, then reverse downwards.
It aligns with a Fibonacci level (0.8756 retracement) and prior resistance area.
STOP TRADE AREA (Above 62.83)
If price moves above this zone, the setup is invalidated.
Traders would exit their short positions here to limit loss.
TARGET POINT FIRST (~62.40)
First take profit zone.
This is a short-term support level where price might pause or bounceTARGET POINT 2ND (~62.00)
The second take profit zone.
A deeper support level, representing more profit if the downtrend continues.
LAST TARGET POINT (~61.60)
Final take profit level for this setup.
This might be a stronger historical support or completion of the pattern (like the end of a harmonic leg).





beautiful adam and Steve double bottom 😅 waiting on the retest of breakout to enter them off to the 🌙
tradingview.com/x/ovE18aaB

