This morning crude dropped to  53.86 (please see the chart below). It still can extend to that green box and we still need to make another run lower fter a pullback because I count this move as only ave iii of c of ( iii ).

From that green box we should see corrective wave iv of c of ( iii ) and then another drop to a new low that would finally complete the large wave ( iii ) off the top reached on 3 October 2018 before we will see a large corrective wave ( iv ) up.