#USOIL (WTI) Elliott Wave Analysis

The triangle did what triangles do. It coiled, compressed, and broke.

We mapped this structure days ago. (Previous chart: https://s3.tradingview.com/snapshots/r/rD6FHbk4.png)

The A-B-C-D-E triangle completed at the E wave, right at the descending trendline. That was the signal. Wave 1 down has printed. The current bounce is Wave 2 correcting into the 0.5-0.618 Fib zone ($95.80-$98.03).

This is not a reversal. The market is offering a second entry to anyone who missed the first.

Wave 2 corrections exist for one reason: to exhaust the impatient and reload the disciplined. Once this retracement runs out of steam in that Fib zone, Wave 3 takes over. That's the move that makes the thirty-dollar drop look like a warmup.

We don't chase. We wait for price to stall in that zone and sell into strength.

Structure is in charge. Not the news, not sentiment. The structure.