USOIL Update

In addition to the previously posted scenario, I'm preparing for a situation in which the expanding diagonal is nearly complete and we're in wave [5]. The previous subwaves are sufficiently complex to contain whatever you are looking for.

The structure appears to be sufficiently developed, and the more compact scenario may hold true, with the price unlikely to fall below 72.5 again.

Trading wave X is generally a terrible idea. While X shapes up, we can try picking bottoms in smaller positions.