USOIL came to a key level

As we can see, AB = CD nearly complished now. Meanwhile the Elliot wave theory comes to the ABCDE-ABC now, so what's next?
Three lines break has drawn a new high. It seems that the weekly regression channel down has been broken.
Saudi claimed more reduction of oil. FOMC may not take action until December.

Support : 47$
Resistance: 49$
A buddy asked me recently, how much retracement can you take in the trade?
>_< Well, that's the problem, if I can endure more than 30%, then the profit is always on the way.