USOIL Update 🛎️

I continue to hold bullish stance while expecting a sharp correction down any moment now. RSI is at extreme levels and some discharge needs to happen before resuming trend up. As with Gasoil on the right I entertained Fibo extensions to imagine where the price might travel to in terms of duration and distance. Most likely targets are 100%, 61.8%, and 168% of wave dimensions.

It is possible, however, that the price pops up even higher to then shape an ending diagonal (red dashed line below). I assign this scenario lower probability.