The current USOIL structure is indicative of a 5-wave impulse move. The intermediate degree leg is part of a cycle degree correction wave c and consists of primary sub-waves ①-②-③-④-⑤. We can see that the first four parts of this impulse wave are fully completed, whereas wave ⑤ is still under construction at the time of writing. This is the final wave in impulse c. We expect prices to rise near 37.92. At that level, wave (4) will be at 50% of impulse (3). Following a successful test, a fall below the 27.21 could be seen in wave (5). The sudden decline, however, can be also seen as completed. This would suggest that ... (full story)