[Update 5:25PM: An even more detailed count of Minute [iv]. Its accounts for every zigzag.]
For those that also subscribe to EWI (and I am one) I have had this count light years before they did as this is one of my oldest charts posted publicly for well over a year.. And it seems to be panning out. Target is the trendlines perhaps.
[Update 4:33PM: Oil appears to be extending its wave 5 of (C). Commodities this is typical based on fear-driven blowoffs. Waves 1 and 3 were about equal in wave (C) so that also supports the extended wave 5 of (C). This is also happening in gold.
Still too early to abandon the Minute [iv] count. I tweaked the squiggle count again.