So, we had a low of $185 tonight and still holding. Red line still untouched, so it doesn't feel like it should reverse yet, although you might still have a short bull run to $220s before dropping a bit further and consolidating the correction. Or I could just be wrong. Not a trader.
Going well so far
We need to break the downtrend resistance.
May test $190 again.
Not convinced. I'm not an expert, but the majority of people here recently have been saying wave two should be starting later this time, and ~240 will likely hold as a good buying location, and many of those analyses have somewhat established authors.