{"id":26037,"date":"2026-05-01T20:38:19","date_gmt":"2026-05-01T20:38:19","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=26037"},"modified":"2026-05-01T20:38:20","modified_gmt":"2026-05-01T20:38:20","slug":"equal-wave-pattern-crude-oil","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/equal-wave-pattern-crude-oil\/","title":{"rendered":"Equal Wave Pattern Points At Short Term Dip (Elliott Wave)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Crude oil reached $110.93 then fell back to $99.30<\/li>\n\n\n\n<li>The decline has a distinct equal wave pattern that points to eventual new highs above $111<\/li>\n\n\n\n<li>The next rally may be a false rally to set up a sweep of the lows.<\/li>\n<\/ul>\n\n\n\n<p>Crude oil topped at $110.93 and has corrected lower in an Equal Wave pattern. This pattern suggests an eventual rally to new highs above $111. But first, the decline may be incomplete.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Current Elliott Wave Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"630\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/USOIL_2026-05-01_15-35-26-1024x630.png\" alt=\"\" class=\"wp-image-26038\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/USOIL_2026-05-01_15-35-26-1024x630.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/USOIL_2026-05-01_15-35-26-300x185.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/USOIL_2026-05-01_15-35-26-768x472.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/USOIL_2026-05-01_15-35-26-1536x945.png 1536w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/05\/USOIL_2026-05-01_15-35-26.png 1546w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The decline from the $110.93 high to $99.30 low tracks like an <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave zigzag<\/a> pattern labeled a-b-c. When wave \u2018c\u2019 is equal in length to wave \u2018a\u2019, this is called an equal wave pattern.<\/p>\n\n\n\n<p>Equal wave patterns are corrective and typically imply a complete retracement at some point in the future. This doesn\u2019t mean prices retrace immediately to the origin of the \u2018a\u2019 wave, but that the probabilities are shifting for a new high above $111 in the coming weeks.<\/p>\n\n\n\n<p>The big question is, will the next rally in crude oil take it up to $111?<\/p>\n\n\n\n<p>I suspect the next rally might be a false rally followed by a decline to slightly lower levels. In this scenario, prices may rally to $106 where the 61.8% <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci retracement<\/a> sits. Notice that the price zone is also guarded by previous resistance.<\/p>\n\n\n\n<p>It\u2019ll be tough for crude oil to punch above $106. As a result, I\u2019m leaning towards the next rally counting as wave (x) of a larger (w)-(x)-(y) decline. Once this double zigzag completes, then it may kick off the rally to new highs above $111.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>Crude oil carved an equal wave decline. This sets up a potential rally to $106. Eventually, prices likely trend to $111, but that may be after another decline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discover the latest Crude Oil Elliott Wave analysis, including key resistance levels and price targets.<\/p>\n","protected":false},"author":160,"featured_media":26044,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-26037","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Equal Wave Pattern Points At Short Term Dip (Elliott Wave) - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Discover the latest Crude Oil Elliott Wave analysis, including key resistance levels and price targets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/equal-wave-pattern-crude-oil\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equal Wave Pattern Points At Short Term Dip (Elliott Wave) - 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