TRADE: USOil: BUY@43.00 G-Zone Reversal + Cypher + Wave Count

Prices have reached into the G-Zone reversal area down past the .886 level. This positions it to reverse upwards to at the very least relieve some of the buying pressure. This pair has been trading inside a

WAVE COUNT
In my last post on this (see Related Ideas: "FREE SNEAK PEAK: USOil: Possbile BIG MOVE UP Coming!"), I said that oil should now be looking at a wave 4 correction before heading lower. In another post, I also was showing that oil was following my prediction almost perfectly. Here's that chart:

If my count is correct, it is finishing the wave (b) of the abc leg Y of a complex WXY wave 4 correction. Then it should decline again to new lows.

PATTERNS
Well, prices have been slowly dropping lower and lower past that C point I have in the chart. But that was anticipated to happen as I also said that the C point of that POSSIBLE Gartley was not set yet. So here we are looking at prices seeking that C point. However, it is also a possibility that prices may drop below the A point and invalidate the Gartley pattern but if it does, it may setup a double bottom pattern.

MY TRADE PLAN
I am taking this trade at this point as a relatively low risk trade with my stops set at 42.00 which is below the A point of the Gartley and allows for some room fr a double -bottom to be established. My TP1 will be the completion of the POTENTIAL cypher pattern whether that cypher holds valid or not. If price reach that TP1, I will then decide whether to hold full long or take some profits