My preferred count is, that wave II has become an expanded flat. As we broke above 87.50 overnight wave C of II has become extended and should reach the low 88.90 area, before turning down in wave III.As can be seen in the hourly chart below the break outside the possible ending diagonal has become more extrem than I expected, but a top should soon be seen. The Ideal target in the low 88.90's has almost been reached with the 88.59 high, but we might need one more rally closer to the ideal target near 88.90 before a break below 87.51 tells us that the top is in place for wave III down.
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