USOIL Action plan after the Inventories

Pattern: Channel Down on the 4H chart.

Signal: (A) Bearish as long as the 4H MA50 is intact and (B) Bullish if it gets crossed.

Target: (A) 15.00 (-40% fall as in the previous Lower Low sequence) and (B) 34.00 (the previous Lower High of the pattern).

Previous signal: