@slp.charts: 🛢️ WTI Oil ($WTIOIL) on the 4-hour chart: is the top in – and Ⓒ lower next? 👀 WTI Oil trades at $101.11. ⏱️ 4-hour chart (4H) Elliott Wave scenario: • Ⓑ as (W)-(X)-(Y)-(X)-(Z) could be done inside the zone $102.90–$104.70 (78.6–88.6%). • After that, Ⓒ of x could run lower in five waves ①-⑤ (red). Above $106.76 the primary count is invalid. 📚 Learning: Ⓒ is always five waves – an impulse or an ending diagonal. Follow for more analysis: 🇬🇧 @slp.charts 🇩🇪 @wellencharts 💬 Does oil stay below $106.76? 📊 Charts by TradingView ⚠️ This content is provided for educational and informational purposes only and reflects a personal market analysis based on Elliott Wave Theory. It does not constitute investment advice, financial advice, or a recommendation to buy or sell financial instruments. #slpcharts #wtioil #crudeoil #elliottwave #commodities
