Wave 1 of 3rd supercycle

This is my opinion of market directions and waves after OPEC meeting.
Now we are in wave iii of wave 1 (only break through 39 will invalidate this)
wave iii will end at the upper line of fibo channel (green colour) at 55-56 mark.
After that, we wiil see corrective wave iv, test of trendline (1998-2016) and move on to wave v (60 mark), there price will collide with upper line of downward channel (red colour) (from 107 to 26) and 0.38 retracement of 112 to 26)