When I say it's, " now or never" I usually have the Roy Orbinson song bounce around my head. Besides, we are at a critical point where crude oil has to start acting like another impulse is about to happen. Otherwise, I may have to trash the entire "ABC" and start looking for a wave three bottom now.
I Think if a triangle is in force, then this could stretch out far too long in time and will also no longer fit well. Also running a triangle could be just finishing on an "E" wave so any surprise can still happen. I don't think the oil party is over even though the news may say so or the bearish news dominates the internet waves again.