USOIL Update 🛠️

With announced oil cut by Russia the price spiked and my scenario of impulse wave down got invalid. I am reluctant to give up on the bearish case and keep looking for bearish alternatives. One could be a diagonal in the making. Previous wave down has got just too comlicated to be a series of impulses, therefore I label it for know as wave i assuming it is double zigzag. Will examine it more closely later. At his point the outlook does not have any solid pattern to rely on and is a form of guessing based on previous strucutres that does not favour bullish scearios in my view. Will update as soon as I have more information.