The current move up is not an impulse as its 1-2-3 maybe (A) of yellow ((X)). Then the correction gets more complex and we will get stuck in the 43.40-36.99 range.
Kommentera
⋅
Updated map at the following link
Kommentera
⋅
back to this idea as oil didn't drop and shaped the triangular consolidation it means more up
Kommentera
⋅
Update It could be ABC in wave (4) and C is an ending diagonal. Break above 41.02 will confirm reversal to the upside.
Kommentera
⋅
Triangle could still appear with another drop and only then reversal to the upside
Kommentera
⋅
Update It goes as planned, wave 4 down and then the last push up are pending to complete wave ((X)).