Tested the yellow trend line from above today and bounced, this has made a lower low since Wave 1 completed so we still need to see a solid bounce here to say that Wave 2 is complete.
I can still see this move down above the trend line until it reaches the 0.78 Fib at $98.27.
It is moving slow and controlled and I am seeing no break down from the structure here either, the impulse wave and bulls have still got control here and appear to be ready to move in further when the market continues its hold of support.