Crude Oil: Order in the Disorder?

$WTIC Short Trade basis the Bull Triangle that was INVALIDATED ("Upside %’s look cooked with odds stacked in favour of a SPILL (sharp one @ that) into $60 Handles"…THE WEEKLY 05/29/26)

The PRECURSOR to a Tactical Trade finally (patience) being DEFINED by subsequent Price Action staying < $98.49 (0.618 of $106.00 > $86.35) thus the Bearish Triangle was very LIKELY 'In~ Play' & subsequent Daily Close > $98.49 invalidating a Tactical Short Trade.

Subsequent $97.00 High Print within 2/1.5% of $98.49 Stop~ Loss allowing for favorable Risk/Reward %'s to initiate a Partial SALE with 100% Short just < $98.49 (No need) & so......the Triangle inside the 'Bull' WAS the Bearish Alternate THAT DID indeed eventuate yet DOGMA remained that the Upside was where Risk & Reward BOTH lay? NOT so; basis Price Action interpretation & subsequent "sharp spill" into the $60 Handles.....($67.04 Low thus far)

Potential Projections: C = A @ $63.25 Basis 'A' = -$42.75 < $106.00 (B) Apex. An Extended Sell~ Off (?) @ 1.618A = $36.83 (That Filed $35 Target?) & an Internal Calculation where C = Impulsive 5~ Wave Decline; 1,2,3 potentially 'Done'... Remains a Work in Progress with a needed 4th Wave Retrace @/ < $81.92 (0.382) Of $106.00 > $67.04 IF = Wave 3 Low ($38.96*0.382 = +$14.88) Current Target being ~$58 (Wave 5) dependent upon the 'In Progress' Wave 3 Low & subsequent 4th High circa $80/$81.98 (if it's indeed so....?)

Notably: $GAP's always construed as 'That which will be Filled.' The $67.83 ~ $69.20 having been so 'filled' @ $67.04 now opens a Pandora's Box of Scenarios; Once Filled......Now What? The 'Filet' of the Short Trade very likely behind us?

Final Note: Take the Time to study & observe the coincidence of BOTH the Technical Buy Signals (DMI's X'ing & ADX > 20; MACD > Zero; RSI > 50 + 21EMA > 50SMA too!) that proved to be prescient & anticipatory in advance capturing BOTH the Upside Iran 'surprise' (100%+) & subsequent Bearish Triangle Resolution from >$95 - <$70 ($25 | 25%) Move Lower on Mirror Opposite eventualities in said Studies. Technical Analysis is Perspective.