Crude Oil
TVCMar 12, 2026, 3:47 AM
Bullish Analysis
Analysis Hypothesis
The price action for USOIL from 2020 to 2022 can be classified as an impulse wave, representing either wave [i] of a larger degree or wave (A). The subsequent correction that followed the 2022 high retraced 50-61.8% of the preceding impulse. Recent momentum suggest a potential confirmation of a trend change, indicating the possibility of an advancing wave [iii] or wave (C). The precise wave count and implications will require further assessment as the price structure evolves. Continuation will provide clarity as this movement unfolds.
Analysis Notice
This page publishes general Elliott Wave market analysis for educational and informational purposes only. It is not a trade call, personalized recommendation, solicitation, or investment advice.