WTI in weekly chartHello
It seems that USOIL decided to make a time-consuming pattern like Triangle but you know that no one can predict internal sub-waves of a triangle so the best strategy is to wait.
There are 2 scenarios:
1. Oil is rising from here as wave 3 (Red) which does not make sense but possible.
2. Oil is making a Triangle the can be wave B of ABC of X or this triangle is our x wave (Scenario 2').
I follow scenario 2.
Time shows us.
Thanks