This is my latest wave analysis of WTI Oil Price so far. I would say still wave C-4 is going on right now. The most important thing is weekly Double breakdown was accomplished through the Long term upward trend line (Black line). Which means an extended Fib. 161.8% of the triangle width might be able to be calculated from the breakdown point of the triangle bottom line (Blown line). The target will be at 31.43 which will complete the bottom of wave C.