Hi everyone, hope you are all ok.

Let's get into it...

Weekly Chart is showing how a completed Wave B of (D) has, again, reached the %50 retracement of 

the 5 waves raised up to year 2015;

And seems like another drop for Wave (E) should target the lower trendline to complete this long term correction. 

A breakout of this long-term triangle, after the correction under the current count,

would suggest the beginning of the start of Wave (1) of a long-term raise.

(a drop across the %50 retracement would favor Alternate #2 count for an extended correction towards the %62)

Daily Chart is showing Wave (D) completed, after triggering the Alternate count, with a extremely quick drop and an equally

quick rise.

The current Wave (E) has already completed its internal Wave [a] and could have also completed Wave [b],

although left Alternate #2 for a possibly extended Wave [b] to complete at the upper trend channel that could be now forming.

If the price breaks through the lowest of Wave [a] then would confirm Wave [c] on the way to complete Wave (E) at the lower support

of the long-term triangle.

4Hour Chart shows a possibly completed Wave [iv] and next a rally down for Wave [v] to

cross the lowest of Wave [a] towards lower the trendline.

Alternate #2 shows a count for a possible extended Wave [b] to raise the price again before a drop to complete

Wave [c] at the lower triangle trendline.

60Min Chart shows in more detail the internal waves of the developing Wave [c],

where its internal Wave iv might be about to finish and the current small triangle formation could breakout

to the downside to lead to Wave v.

Weekly Chart, under the current interpretation,

 shows a Wave 2(red) crossing slightly over the %62 retracement of Wave 1(red)

and now a sharp move down to start Wave 3(red).

Notice the Alternate counts #1 & #2 for extended corrections to have in mind.

Daily Chart is showing Wave [ii] possibly completed after a rejection at close to the %62 retracement of Wave [i].

Further impulsive waves down will give more weight to the probability of Wave [iii] start.

Although, as per Alternate #2, there is a possibility for Wave [ii] to make an extended correction

and target the upper trendline again.

4Hour Chart is showing Wave [ii] correction is now getting extended (swapped to the previous Alternate#2 count).

And now its internal Wave (b) could be completed (or about to complete; if it drops again towards the lower trend channel).

Once Wave (b) is finally complete we should see the price to raise towards the 1.12400 price level to complete Wave [ii].

60Min Chart is showing more in detail the internal Waves of Wave (b) possibly completed if the current 

triangle breakout is proven to be false.

Although if this is just a breakout correction and the price drops again we should expect Wave (b) to continue

dropping towards the lower orange trendline.

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.

From there the price showed an impulsive move down that was rejected by the lower tendline;

A move that suggest the initial waves of Wave [i] of Wave 3(red).

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

Daily Chart is showing the Wave (iii) (of Wave [i] of Wave 3(red)) completed in a sharp move down.

The rally afterwards looks like an odd Wave (iv) correction that stalled between %62 and %76 retracement of Wave (iii);

Although the price has not yet move impulsively down as would be expected from Wave (v) on this count;

but that should be the next move...

(1.28900 area remains this count's Invalidation point - As the lowest of Wave (i)).

4Hour Chart shows the 5 internal waves of Wave c of Wave (iv)

now stalled at the 200EMA between the %62 and %76 fibo retracement of Wave (iii).

Wave (v) could have be on the way if the price continues to the downside to complete what now appears to be 

Wave 1(blue) nearly completed.

60Min Chart shows a close up of this Wave 1(blue) which just needs its internal Wave (v) to complete

possibly at previous Wave 4(blue) levels around the 1.21610 price area.

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

Andres