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Joseph80
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MillionaireGoal
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JosC
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DavidSG
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Elliottwave_Forecast
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2025-10-20

OIL CL_F Drops in Wave ((v)) – Minimum Target Hit!

Hello traders. In this technical article we’re going to look at the Elliott Wave charts of  Oil commodity (CL_F) published in members area of the website. OIL  has recently given us a 3 waves recovery  that found sellers as expected. In this discussion, we’ll break down the Elliott Wave forecast. OIL Elliott Wave 1  Hour  Chart 10.15.2025 OIL ended a 5-wave decline in the cycle from the 62.93 peak. Currently, the commodity is showing a recovery against that peak: wave ((iv)). We recommend that members avoid buying OIL at this stage and instead favor the short side. As our members know, wave ((iv)) usually ends within the 23.6–38.2% Fibonacci retracement zone, measured from the starting point of wave ((ii)), which in this case is the 62.93 peak. Therefore,
OIL CL_F Drops in Wave ((v)) – Minimum Target Hit!
TOPAmyMacaulay: Great breakdown on the oil analysis! [Great]
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Bobby Banana
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2025-10-20
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