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 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 showing corrective signs to what could be the start of Wave 2(blue) down...

although there is a possibility that Wave 1(blue) is still in its internal Wave (iii) and this correction to be Wave (iv) instead.

Trading this correction does not bring the best risk:reward ratio; With a target to hit the %38 retracement at the 200EMA level.

60Min Chart shows in more detail the 5 waves up. And a leading diagonal Wave (v) completed.

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 of Wave (i) now showing signs of completion at the lower trendline,

So, could be possible that Wave (i) has finally found a bottom and Wave (ii) retracement could raise the price in a correction

towards the trendline and the next levels of resistance

and Fibo retracement levels at %23, %38 or perhaps %50.

60Min Chart is showing the internal Waves of Wave v possibly completed with 5 waves down.

Although there has not yet been confirmation of Wave (ii) correction started.

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

and Waves 1(blue) and Wave 2(blue) of Wave iii completed already;

Now Wave 3(blue) is already making its way to the downsides as the price breaks out of the current triangule) within Wave iii continuation.

60Min Chart shows Wave 3(blue) of Wave iii is continuing bringing the price down.

With its internal Waves (i) and (ii) completed and now developing a corrective Wave (iii) towards support levels

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

Andres