Hi everyone, hope you are all ok.

Let's get into it...

Weekly Chart is showing the price hitting the 200EMA and dropping after 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 and then targetting the lower trend for Wave (E).

Daily Chart is showing Wave ii of Wave [iii] made a big rally down towards the lower trendline.

And now Wave iii of Wave [iii] showing a possible start towards the upper trendline after bouncing off the lower trendline.

Although there is now the posibility of an Expanded flat correction for Wave [ii] (which would make current rally as Wave i); marked as Alternate #3.

4Hour Chart shows 5 impulsive waves up after completion of Wave ii.

The price it is now at %62 Fibo Extension of Wave 3(blue) and showing exhaustion signs

which suggests that a correction could be unfolding soon

before reaching the target towards the upper trendlline.

(If a correction is made before the price crosses the highest of Wave i I would change the waves labels

for a lower degree and the current 5 waves would instead make Wave 1(blue)).

60Min Chart shows in more detail the 5 waves up. And a possible leading diagonal Wave 5(blue) completing.

A breakout to the lower side would confirm this suggesting a correction towards the 200EMA or previous Wave 4(blue) price level.

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 just above the %62 retracement.

This remains the best interpretation as the price has been rejected impulsivelly at 

the upper long-term-trendline and now aiming towards the lower one.

Although I have marked Alternate #1 for largers Wave 1 and 2 (red).

And Alternate #2 for an extended Wave [ii] to test the upper trendline again.

4Hour Chart is showing Wave v now showing signs of completion at %85 of the length of Wave i 

and almost the same price level as the end of Wave iii; where there are big levels of support.

This suggests that a failed Wave v could be ending at this point and giving start for Wave (ii) correction.

60Min Chart is showing the internal Waves of Wave iv ZigZaf correction completed 

and now Wave v also possibly completed with 5 waves down.

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 initials Wave (i) and Wave (ii) of Wave [i] of Wave 3(red) have developed.

With Wave (iii) now under development.

4Hour Chart shows Alternate #2 has been triggered after the false breakout and the consequently drop in price across the triangule.

The current count now stands for a completed Wave ii of Wave (iii)

and the latest price drop as the initial Wave 1(blue) of Wave iii

Wave 2(blue) correction might have completed already; And Wave 3(blue) would be confirmed once the lowest of Wave 1(blue) is crossed

which would expect a big move to the downside (as it breaks out of the current triangule) for Wave iii continuation.

60Min Chart shows the current count has completed 5 waves down for Wave 1(blue)

and a retracement for corrective Wave 2(blue) targeted the upper trendline at %38 retracement of Wave 1(blue)

And now Wave 3(blue) of Wave iii should continue bringing the price down.

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

Andres