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,  after a quick raise in Wave C(red) to complete Wave (D), 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 #1 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 to complete Wave [c] of Wave (E).

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 (iii) of Wave v,

where its internal Wave (ii) might be completed and the current raise should be its internal corrective 

Wave ii of Wave (iii) should be about to start to make impulsive waves towards lower levels..

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 & #3 for extended corrections to have in mind.

Daily Chart is showing it is showing now more probable for Wave [ii] to make an extended correction

and target the upper trend-line again.

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

Although, as per Alternate #2, Wave [ii] could be already completed after a rejection at close to the %62 retracement of Wave [i].

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

And now its internal Wave (b) showing to be completed at the lower trend channel (after triggering previous Alternate #3 count).

Now that Wave (b) is finally completed we should see the price to raise in 5 impulsive waves towards the 1.12400 price level 

to complete Wave [ii].

60Min Chart is showing more in detail the internal Waves of Wave (b) completed at the lower trend channel.

And the raise now showing impulsive waves 1(blue) and Wave 2(blue) developing.

Next, expect a small correction to complete Wave 2(blue) and then impulsive moves to confirm 

Wave 3(blue) to start bringing the price towards the upper trend channel.

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 trend-line;

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... after breaking out of what seems to be a raising wedge or range formation. 

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

4Hour Chart shows Wave (iv) possibly completed

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

Wave (v) would be confirmed when the price breaks out of the current range to the downside.

And the current count is showing the possibility of the initial waves of Wave (v) as Wave 1(blue) completed.

If Wave (iv) confirms to have been completed, the current Wave 2(blue) should not raise towards the upper 

trendline channel and breakout to the downside instead.

(bearing in mind the alternate invalidation level of the current count).

60Min Chart shows the internal waves of Wave (iv) possibly completed.

And now Wave 2(blue) correction under development and aiming at the next resistance levels

at thew %62 retracement of Wave 1(blue).

(pay attention to the invalidation level at the 1.26400 level (highest of Wave (iv), 

as this level should hold in order for this count to remain valid)

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

Andres