Hi everyone, hope you are all ok.

Let's get into it...

Weekly Chart is showing the price crossed slightly the long term upper trend line and then dropped very impulsively;

Hence I have marked now the previous Alternate #2 count as now the most probable count;

as current Wave (E) under development (given that the raise to the top trendline does not look as impulsive as expected for a Wave (1) move.

Also, bearing in mind that;

 * The Alternate#1 count for an extended Wave (C) of Wave (Y)

Daily Chart is showing the new count As Wave (D) completed and Wave A(red) of Wave (E) also possibly completed.

Which leaves for the current move up for Wave B(red), before the price does a last drop towards the lower trendline on Wave C(red) to complete Wave (E)

4Hour Chart shows Wave A(red) of Wave (E) most likely completed with 5 impulsive waves down;

Which would call for a raise to complete Wave B(red) towards the %38 retracement of Wave A(red) as the most probable target.

60Min Chart shows in more detail the 5 internal waves of Wave A(red).

And a doji candle that, adding to oversold indicators in the 4Hr and 1Hr Charts, gave away a good indication of

the start of Wave B(red), which is now under development.

Weekly Chart, under the current interpretation, shows a Wave [C] developing towards 

the %76 retracement of the 5-Waves raise from 2002 to 2008. 

(This count would lead to the lows of 2014)

Although there are Alternate counts pointing at a further raise for extended corrective Waves [ii] or 2(red)

Daily Chart is showing Wave (i) of [iii] completing at 1.07765.

And now Wave (ii) rallying until the %85 retracement level and upper trendline; where it seems to have stalled for now;

Suggesting the possibility of the start of Wave (iii) of Wave [iii] soon.

Although there is still a possibility for Alternate #1 for a larger Wave 2 (red).

And Alternate #2 for an expanded Flat Wave [ii] to cross the upper trendline again.

4Hour Chart is showing Wave (ii) completed 3 waves, under the current count.

And, under the current count, we can expect the price to lower again for the start of Wave (iii).

Bearing in mind the Alternate counts mentioned in the Daily Chart.

(In any case, there is still a strong bearish sentiment and, after Wave (ii) correction, there is a Wave (iii) that is most likely

to carry an even more impulsive set of waves to the downside again).

60Min Chart is showing the internal Waves of Wave (ii);

Where Wave b retraced %38 of Wave a and Wave c has completed %85 of Wave a.

Offering an opportunity for a good Risk:Reward, to go for Wave (iii).

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 initials Wave (i) and Wave (ii) of Wave [i](yellow) (of Wave 3(red)) most likely completed.

And now Wave (iii) possibly under development, although yet struggling to cross the lowest of Wave (i)(green) and 200EMA.

Hence, I have marked Alternate #2 for a possible extended Wave (ii) in the form of an expanded Flat correction.

4Hour Chart shows the current count now stands for Waves 1(blue) and Wave 2(blue) of Wave iii completed already.

As per current count, Wave (i) of Wave 3(blue) should now be completed, 

although there has not been a clear confirmation that Wave (iii) is underway,

so this correction could extend further and take the price higher and/or take more time to complete.

60Min Chart shows 5 waves within Wave (iii) completed

And now a Wave (iv) correction being underway bringing the price up in a corrective way.

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

Andres