The day before yesterday USOIL slumped well with the assistance of bearish bat pattern in 4hr chart. While the price fell to 0.618 location, AB=CD formed and price action showed the power of buying.
Therefore, it's worth a trade relying on the newly-formed Demand zone in 1hr chart.
Entry: 55.1
SL: 54.8
TP1: 55.7
TP2: 56.1