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)

 * And Alternate #2 for a Wave (D) topping at the upper trend line.

Daily Chart is showing Wave [ii] made a big rally up which left me leaving the possibility of an Alternate #3 count for an already completed Wave [ii] at just %38 retracment.

However, since Wave (b) completed above Wave [i] I believe the best interpretation is for 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, the start of impulsive moves to the downside which, if continues downwards would suggest Wave iii has started (further moves up from the 0 would trigger Alternate #3)

60Min Chart shows Wave (i) Wave iii now completed and Wave (ii) might have also completed at the previous triangle apex and %62 retracement.

Next, Wave (iii) should bring the price lower impulsivelly across the 200EMA.

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

Alternate #1 shows a wave count for extended Waves (A) and (B).

Daily Chart is showing Wave [ii] so far reached just above the %50 retracement.

This remains the best interpretation as in the last session the price  has been rejected convincingly at the 200EMA.

4Hour Chart is showing that the current count now stands for a Wave [ii] Zig Zag correction completed at the minimum distance level (just above previous Wave (a);

And concludes Wave [ii] at just below the %62 retracement level.

60Min Chart is showing Wave iii of Wave [iii] now underway.

With Wave 3 (blue) potentially complted, a reversal for Wave 4(Blue) correction should raise the price.

(although should remain below the end of Wave 1(blue) at 1.1112)

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 at the 200EMA level and retracement between %50 and %62 level.

Note Alternate #2 for 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) most likely completed at this point.

4Hour Chart shows 5 possible waves could have now completed Wave i downwards.

If this is the real bottom for Wave i, we should see Wave ii raise the price in a correctrive fashion back towards the upper long term trend.

60Min Chart shows 5 waves down, although there is no 5 clear internal Waves for Wave 5(blue).

And the length of Wave 5(blue) has not met the length of Wave 1(blue) yet.

Suggesting that Wave i might have not found a bottom yet.

Next; Once Wave i completes we should see Wave ii raise the price in a correctrive fashion back towards the upper long term trend.

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

Andres