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.
注释
Updated map at the following link
注释
back to this idea as oil didn't drop and shaped the triangular consolidation it means more up
注释
Update It could be ABC in wave (4) and C is an ending diagonal. Break above 41.02 will confirm reversal to the upside.
注释
Triangle could still appear with another drop and only then reversal to the upside
注释
Update It goes as planned, wave 4 down and then the last push up are pending to complete wave ((X)).