B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c from 43$ to 52$ with a double bottom- an important lesson from this crude journey.
What Next? Could be a start of the downside move from 52$ High & going below 42$ recent low -likely to continue down-which shall be a trading opportunity but before that there will be a small upside push from last week's trading.
It's going in the same direction for your wave (ii). It will be very crucial to see how that (iii) wave will come into play. That oil can bring turmoil in the currency, stock market and what not.