Hi everyone, hope you are all ok.

Let's get into it...

Weekly Chart is still showing impulse to go towards the long term upper trend line for Wave (1), bearing in mind the Alternate#1 count for an extended Wave (C) of Wave (Y).

Daily Chart is showing Wave [ii] made a big rally up which left me leaving the possibility of an Alternate #2 count for an already completed Wave [ii] at just %38 retracment.

However, since Wave (b) completed above Wave [i] I am still expecting an expanded flat correction to complete Wave (c) towards the %50 or %62 retracement level.

4Hour Chart shows the internal waves of Wave (c) of Wave [ii] expanded flat correction under development, with Wave ii now completed with a huge rally on Friday at nearly 0 retracement as expected due to the MACD divergence pointed out on Thursday.

The 60Min Chart shows the internal waves of Wave ii now completed and the drop at the last of the session as Wave 1(blue) of Wave iii (of Wave (c) of Wave [ii]).

Weekly Chart under the current interpretation, shows a Wave [C] developing towards the %76 retracement of the 5-Waves raise from 2002 to 2008. 

Daily Chart is showing Wave [ii] so far completed at the %50 retracement although, after Friday's rally up, I have swapped to the Alternate #1 count for a retracement towards %61 or even %76 at the upper long term trend.

4Hour Chart, after the labels update for the triggered Alternate #2, is showing the current count now stands for a Wave ii Zig Zag correction developing Wave iv of Wave (c) of Wave [ii] aiming at the %62 to %76 retracement levels.

60Min Chart, on the current count, is showing a Wave iv completed with 3 waves at the bottom of a trend (bloe) formed in the last 2 weeks.

Next, further moves above the lowest of last session would go into Wave i territory, invalidating the current count, although, as per current count, the price should raise again to complete Wave v to end the Wave [ii] correction.... Prices should turn down impulsivelly at that point.

Weekly chart shows a new updated count following Firday's rally triggering a different count for a larger Wave 1(red) and a Wave 2(red) completed (or about to) at the 200EMA level and retracement between %50 and %62 level.

Note that Alternate #1 remains unchanged and I have added a new Alternate #2 for the posibility of a larger Wave (4) developing.

Daily Chart is showing the updated count; with the internal wave counts of Wave 1(red) and Wave 2(red) possibly completed at this point.

The 4Hour Chart shows 5 waves completed within Wave (v) of Wave [c] on this updated count; which should complete Wave 2(red), unles Wave v gets extended higher towards the %62 retracement (... impulsive moves to the downside will hint the start of Wave 3(red)).

The 60Min Chart is showing the internal waves of Wave (v) seemengly complete now and a possible start of Wave 3(red) with an impulsive wave down (Wave 1(blue) which should be retraced by Wave 2(blue) next before continuing to the downside (if this is in deed the start of Wave 3(red).

Weekly Chart is showing Wave [ii] correction still under development towards the upper trendline and 200EMA.

(Alternate #1 calls for the lon-term correction to have completed at the last low and the breakout of the upper trendline to continue as the strat of a new trend.

Daily Chart shows Wave 2(blue) of Wave iii to have compoleted at a new trend formation (blue-dotted) and indicating that Wave 3(blue) should start taking over impulsivelly to the upside.

4Hour Chart shows the internal Waves 3 (blue) under development; With its initernal Wave (iv) now underway (wich should remain above the highest of Wave (i) at 82.63.

60Min Chart shows previous Alternate #3 count has been triggered for an  extended Wave (ii) .

This count now stands for a Wave (iv) of Wave 3(blue) being underway, as mentioned earlier and a further rally up should follow during the next session.

All the best for everyone and please do not hesitate to contact me if you have any questions or comments.

Andres