Here is my previous warning on oil that I published on October 22, 2018, titled: "USOIL is Still in Crashing Pattern Since 2008"
In this idea I identified the exact bounce spot of oil , and I mentioned that we would need to wait for a setup to identify it's next move.
Well, we have it. It retraced the fall, and built a . It's going lower.
Idea is invalidated if we break above $61.