USOIL Projections

I'm looking for USOIL to soon drop down to the $52.10 area to finish out the descending wedge and also test the bottom of the overall trend line . Look out for a spike up to retest the $59.90 price point afterwards. If the price point fails to pass this point, I'm expecting a drop back to $52.10, maybe lower. If price surpasses the $59.90 mark, I expect we'll see it hit $73.00. USOIL has not recorded a new higher-high since August 18. Possible trend reversal (down) approaching.