Hi everyone, hope you are all ok.

Let's get into it...

Weekly Chart is still showing the price hitting the 200EMA and almost reaching 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 down towards lower retracements possibly completed at exactly %62 retracement of Wave [i].

Which I believe the best interpretation is for an expanded flat correction.

4Hour Chart shows Wave C of Wave ii completed at slightly further than the %62 retracement of Wave i;

Which is was about %62 of Wave A

And 0 Fibo Extension of Wave A from Wave B

This setup left a nice opportunity for going long at the start of Wave iii,

although there should be another opportunity to enter on the first pull back (internal Wave 2); possibly after hitting the 200EMA.

60Min Chart shows in more detail the internal waves of Wave ii coming to a completion.

With an initial Wave 1(blue) of Wave iii testing the 200EMA; suggesting Wave 2(blue) should make a correction soon.

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 %62 retracement.

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

4Hour Chart is showing that the current count now stands for a Wave iii of Wave (i) of Wave [iii] 

completed at the lower trend line and 2 extension of Wave i.

And a bounce started for Wave iv correction with an estimate target of between %23 and %38 retracement of Wave 3,

although possible the %50 as it is where the 200EMA could lead to.

Once Wave iv is completed, expect the price to drop again.

60Min Chart is showing the 5 internal waves of Wave iii that should be already completed, following a price raise and the MACD Divergence.

And now a Wave iv developing; although too early to know the type of correction.

Weekly chart shows Wave 1(red) and a Wave 2(red) correction completed at the 200EMA level with a retracement between %50 and %62 level.

Note Alternate #1 for a larger Wave (4) developing.

Daily Chart is showing the internal wave counts of Wave 2(red) most likely completed at this point, as the first impulsive Wave (i) of Wave 3(red) has developed and now Wave (ii) correction under development.

4Hour Chart shows a possible extended Wave (ii) ZigZag correction still underway; 

With Wave c slowly going through its internal Wave 3(blue), although still within a triangle.

I have marked Alternate #2 as a count for an already completed Wave (ii);

Which would mean that the current correction would be Wave ii of Wave (iii) instead.

(And a drop lower than the current correction 0 retracement will trigger this Alternate#2 count).

60Min Chart shows the current count for Wave (ii) completed at nearly 0 retracement;

Since, then the price moved higher to what, under the current interpretation, should be Wave (iii) of Wave 3(blue)

Although the price has not decided which side of the triangle is going to break out of,

so keep in mind the Alternate#2 count for an already started Wave iii.

(Any move lower from the 0 retracement of Wave (i) would trigger the Alternate #2 count; suggesting the change of trend to the downside).

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

Andres