USOIL corrective structure A-B-C (circle) since 09.06.2016 is close to ending, after a last drop, when C-wave (circle) completes as an expanding .
A-B-C (circle) possible expanding flat corrective structure pattern.
1- Wave-A (circle) developed into a pattern, internal 5-3-5 structure ending at 39.23
2 - Wave-B (circle) developed into a pattern, internal 5-3-5 structure ending at 55.21, right on 23.6% fib extension of wave-A(circle)
3 - Wave-C (circle) possible expanding , internal 3-3-3-3-3 structure, targeting 36.00(+/-), where 23.6% fib extension of wave-A(circle) is, 61.8% fib retracement of
1-5(circle) impulsive motive and also it's where (i) to ( iii ) equals (iv) to (v).
Another close target could be where 4-wave's (circle) low is (35.27).
After completing this downside, watch for the next uptrend start, and buy the next (C) wave.
Trade with discipline.
Pattern is still valid.
Possible one more wave up to complete the 5-wave sequence and the ZigZag.
Overall, watch for reversal