WTI: Elliott Wave Analysis and Forecast for 16.10.26–23.10.26

Major Takeaways Main scenario: Consider long positions from corrections above 90.60 with a target of 105.17–115.50. A buy signal: the price holds above 90.60. Stop Loss: below 89.10, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below 90.60 will allow the asset to continue declining to the levels of 86.10–79.25. A sell signal: the level of 90.60 is broken to the downside. Stop Loss: above 92.10, Take Profit: 86.10–79.25.Main ScenarioConsider