Possible targets for USOIL reversals. Possibility of Bullish Shark Pattern forming. I will keep a close eye on the first target
USOIL may be forming an expanding flat for further upward momentum. I am not the biggest fan of head and shoulders, but there might be one...
USOIL may be trying to form a Flat formation before resuming it's upward trajectory.
I am entertaining the possibility that the assumed 4th wave is a limiting contracting triangle, and the 5th wave may reverse somewhere close to the top trend line. Updates will follow.
Looks like an appealing scenario, if it decides to go further down..