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)

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 has already reached near the invalidation price line.

Next, the price should drop impulsivelly for Wave 3 continuation; Otherwise, 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 reached the %50 retracement although, the latest raise has triggered 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; At the moment developing Wave iv of Wave (c) of Wave [ii] and aiming towards the %62 or possibly %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.

Wave 2(blue) correction seems to have complete within the trend line.

And Wave 3 has picked up slowly with what it is now labelled as its internal Waves (i) and (ii).

Next, the price should pick up the price higher towards the upper trend impulsivelly across resistance levels.

(I have marked Alternate #1 as a possibility that it has not finished and Waves 1 and 2 (blue) are all still part of Wave iv correction within a triangule formation... In any case, the price should remain above Wave i territory at 1.1114 for this count to be correct).

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 have completed 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), although the price still needs to break from the lower trend line and 200EMA).

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

Wave 3(blue) has made a big move to the downside, although it has not shown signs of beeing completed yet.

Next, once Wave 3(blue) completes, Wave 4(blue) should make a correction towards resistance levels.

(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 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 3(blue) has taking over impulsivelly to the upside towards the upper trendline (blue-dotted).

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 82.60 area.

60Min Chart shows a Wave (iv) 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, as Wave c gets extended to the downside and 200EMA area.

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

Andres