Is WW3 Coming? Crude Waves Flash Warning which I DO NOT LIKE ITI’m getting a knot in my stomach looking at this chart, it feels like a warning about what’s coming.
Chart Context
• WTI jumped from the pandemic low of 6.62 up to 131.02 on March 6, 2022.
• It then retraced to 59.86 (38 % Fib) by June 4, 2025.
• That pullback seems complete, and now price is pressing against a descending wedge.
Wave Map
• Wave 3 could extend toward 207
• A full five-wave run points up near 330
• The pattern is squeezed in a tightening channel that looks ready to break any day
Why It Feels Risky
Breaking above 200 normally requires a major supply shock—think trouble at the Strait of Hormuz, surprise OPEC cuts, or a hit to U.S. shale. The Iran–Israel cease-fire is shaky, drones are still buzzing storage sites, and even a brief chokepoint shutdown would send tanker traffic into chaos. To me, the chart is flashing that tail risk.
Trading Plan
• I’ll watch the wedge’s upper trendline around 83 for my first signal
• A weekly close above 93 would clear the path to 117, then 145
• If price closes below 51 on the week, this thesis is off
Your Thoughts?
Does this wave count make sense, or am I reading too much into it? Drop your views—especially if you’ve got the geopolitical angle covered. I hope this wave doesn’t play out, but pretending it’s not there feels reckless.
(Not financial advice)
