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USOIL Final Leg of the Bullish Impulse could have Just Begun
We can assume that USOIL is currently developing a global upward impulse. This includes the primary wave ③. The current chart shows the final part of the primary third wave, where we see the complete correction wave (4) of the intermediate degree. This wave is in the form of a double zigzag W-X-Y. After the completion of the correction (4), the market began to rise in the final intermediate wave (5). This took the form of a 5-wave impulse consisting of minor sub-waves 1-2-3-4-5, as shown in the chart. In the short term, the price could rise to the level of 97.44 in sub-wave 5. There intermediate wave (5) will be at ... (full story)