WTI: Elliott Wave Analysis and Forecast for 23.10.26–30.10.26

Major Takeaways Main scenario: Consider long positions from corrections above 94.85 with a target of 107.00–115.50. A buy signal: the price holds above 94.85. Stop Loss: below 93.35, Take Profit: 107.00–115.50. Alternative scenario: Breakout and consolidation below 94.85 will allow the asset to continue declining to the levels of 86.10–79.25. A sell signal: the level of 94.85 is broken to the downside. Stop Loss: above 96.35, Take Profit: 86.10–79.25.Main ScenarioConsider long positions