[USO] update

In the backlink I was modeling a bottom that could go as low as $13 but after today's action it looks to me like we just bottomed 3 of 5 of 5.  So if we now begin to rally and then hit the upper rail in 3 waves then I would allow for one more wave lower down into green 5 to complete cyan 5 and blue 5 as shown below.  So, perhaps a strong bottom in the mid to high 12s have the odds with them right now.  But it depends on how high this green 4 bounces.  If it is contained in the channel per below, then below $13 for green 5 is expected.  But a big crazy bounce into the 14s could lead us to a double bottom for green 5.