1. 🛢️ Oil is approaching a crucial region... Is a new upward wave starting?

1. 🛢️ Oil is approaching a crucial region... Is a new upward wave starting?

1. 🛢️ Oil is approaching a crucial region... Is a new upward wave starting?

23 Aug 2026

by: Kadiri Radouane

Date: 5.Aout. 2026 Current price: 75.34

️ Oil Analysis (USOIL) – 2H Time Frame The drawing shows the formation of the Bearish Cypher Harmonic model completed at the upper region, and after it was completed, the price responded strongly and began a downward wave, which confirms the success of the model in predicting the reversal. Currently, the price is approaching a strong demand area (blue box), an area that has previously seen buyers enter, so it is expected to be an important control area. Expected scenario: * Continued landing to the demand area. * Waiting for a reflection signal or purchase confirmation within the area. * If the support withstands, the price may start a bullish wave targeting $90-94 levels as shown in the stock. ⚠️ Note: If the demand area breaks and closes below it, the bullish scenario loses its strength, and the decline may extend to lower levels

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