Crude Oil - Ready for the next short term leg lower

Now I mentioned Crude Oil in my previous post, I thought it would be worth while to look at the shorter picture here.
We most likely have finished red wave iv at 97.76, which was almost exactly 61.8% of red wave iii, and we should now see red wave v down to 89.33 and possibly even 84.13.
A break below 95.42 will be first clue that red wave v is under way, while a break below 93.52 confirms red wave v down.