Over 1000 P possible: TP 53.05 to 52.6

Nevertheless, that Fib 62% at 63.71 has not yet been reached, already now you can expect falling prices .... it concerns above all the next 3 months.
First confirming short signal would be Break and Close below 60.20 on Daily and Weekly basis
SL over $ 65

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But I would like to point out that a really strong resistance at 66.32 should not be disregarded.
Note the red circles.
It does not have to happen that far, but it is best to take into account all eventualities and thus not to be surprised.

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If Correction A = C, then C would be finished @ 64.54.
Let's see what he does there.

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under 63.77 leads to the blue target zones.

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see my comment from Apr:
/Apr 3
Comment: But I would like to point out that a really strong resistance at 66.32 should not be disregarded.
Note the red circles.
It does not have to happen that far, but it is best to take into account all eventualities and thus not to be surprised. /
... now it is so far...

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66, 32 is already a resistance, but in my opinion WTI needs another high next week, then it is already May and thus it would be possible to go short on the high of the monthly candle in May.

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To be able to estimate more clearly a potential top, for me are two closing courses important:
1st Weekly Closing: April 30th and
2nd Closing: May 3rd (next Friday)
Then it will be confirmed at which level the blue 1-5 was completed. Thus one can follow step by step how the green 4 develops.
If I'm correct, with the assumption that there will still be the green cycle 1-5, then the green wave 5 could run to a maximum of 74.64.

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Future in the plan.

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I'll keep my short
TP on the chart

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60.20 was taken, now next targets blue circles

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62.83 reached!
www.tradingview.com
/x/FFpPSK7W/

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Target 60.39

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Next target SMA 20 = blue circle

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Update Mai 6

and today

WTI has been running according to the chart since my last update. I think there should be a higher high next week than this week - just over 64, then short.

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59.50 done!
soon 57.24
then 55.17 and nächste month 53.24-53.01

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52.4 reached! (all targets up & down done)
Short trade closed!