Intermediate wave (2) looks to have finished and internediate wave (3) may be startibg with a leading diagonal, the next few days will confirm, Good luck.
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This idea was voided and it looks like minor wave 2 circle was an expanded flat instead! If correct minor wave 3 circle has started. Note that oil reached an important fib level at just over $70 and has started to fall.
Excuse me for saying, but you seem to be obsessed with the bearish view. You have to keep an open mind.
Geofftv1
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@kunsan, HI kunsan, thanks for the comment, my bearish view is based solely on the EW structure and past experiences of bull traps. PERHAPS i am wrong and time will tell. What is your own view? Do you have a chart to share?