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) below Wave (a); 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.

And, since then, just one impulsive move to the downside and its current correction which, if it continues to the downside would suggest Wave iii has started (further moves up from the 0 would trigger Alternate #2)

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

The current correction is labelled as Wave 2; Although it ia already reaching near the invalidation price line for the current count.

Next, the price should drop impulsively for Wave 3 continuation and further moves up would trigger Alternate #2 for the price be confirmed in Wave [iii] up for a raise towards the upper trend line (best pictured in the Daily Chart).

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 is showing that the current count now stands for a Wave ii Zig Zag correction; developing Wave iv of Wave (c) of Wave [ii] and aiming at the %62 to %76 retracement levels.

60Min Chart is showing a Wave iv completed with 3 waves at the bottom of a trend (blue) and a possible Wave 1(blue) completed as the start of Wave v.

The current Wave 2(blue) correction should complete within the trend line and Wave 3 should pick up the price higher towards the upper trend.

(The price should remain above Wave i territory (at 1.1114)).

Weekly chart shows a new updated count following Friday'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 possibility 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), unless Wave v gets extended higher towards the %62 retracement (... impulsive moves to the downside are already hinting the start of Wave 3(red)).

The 60Min Chart is showing the possible start of Wave 3(red) with an impulsive Wave 1(blue) down and Wave 2 correction complete.

Next we should see the price to continue the impulsive waves down towards resistance levels towards the 1.3100 area.

(The end of Wave 1 at 1.3302 should not be crossed as Wave 3 is further confirmed).

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

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

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

4Hour Chart shows the internal Waves 3 (blue) under development;

With its internal Wave (iv) now underway (which should remain above the highest of Wave (i) at 82.63.

60Min Chart shows a Wave (iv) of Wave 3(blue) being underway with its internal Wave b crossing the start of Wave a; Suggesting an Extended Flat Correction is  developing that could see the price drop towards the 82.80 area.

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

Andres