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 upto 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 triangle trendline or possibly cross it, 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 Wave (C) correction towards the %62)

Daily Chart is showing the current Wave (E), although seemed almost completed,

has now triggered the previously marked Alternate #2 for an extended Wave [b] and [c].

As per new current count, expect the price to continue to drop in 5 waves to complete 

Wave (E) as an extended Flat correction (3,3,5).

(where Waves [a] and [b] are showing 3 waves and Wave [c] should be a 5 waves move)

4Hour Chart showing more in detail the internal waves of Wave [b] of (E) completed 

and the current Waves (i) down as the start of 5 waves for completion of Wave (c) of Wave (E),

as mentioned in the Daily Chart comments.

Next, expect current Wave (ii) to move the price up in 3 corrective waves towards resistance and 

around the %50 retracement of Wave (i) to then continue the impulsive waves to the downside.

60Min Chart shows in more detail the internal waves of Wave (i) showing completion; 

And now Wave (ii) taking the price up in a corrective fashion.

Next, expect 3 waves to develop to form Wave (ii) and, once completed possibly at the %50 and previous Wave iv

resistance levels, we should watch for an opportunity to embark on Wave (iii); ast it should then bring the 

price lower in impulsive waves.

Weekly Chart, under the current interpretation,

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

and now an extended Wave [ii] could be completed at the 200EMA and %85 retracement of Wave [i] of Wave 3(red).

Notice the Alternate counts #1 & #2 for a alternatives more extensive corrections of Wave 1 (red) and 

long-term Wave [b] respectively to have in mind.

Daily Chart is showing Wave [ii] making an extended correction

and retracing over the %85 retracement level, as the top of the current range formation.

Further impulsive waves down will give more weight to the current count for Wave [iii] start,

and, hence, a start for a long move to the downside.

4Hour Chart is showing a Wave 1(blue) of Wave (i) of Wave [iii] completed,

which pierced through the 50EMA and finding support at 1.12107.

Next, we should expect Wave 2(blue) correction to bring the price up towards the usual %50 or %62 retracement level

to then continue the price drop in Wave 3(blue).

60Min Chart is showing the internal Waves of Wave 1(blue) completed.

Next, expect corrective moves up to develop Wave 2(blue) correction back towards the raising wedge formation

and %50 or %62 retracement level.

Once Wave 2(blue) is completed, impulsive moves to the downside would confirm Wave 3(blue) to take the price much lower.

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 trendline;

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

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

Daily Chart is showing the current corrective move like an odd lengthy Wave (iv) correction

that has now reached, and passed slightly the %76 retracement of Wave (iii);

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

Next, we should expect, the price to move impulsively to the downside for Wave (v) to take place,

if this count is to remain valid.

(otherwise the Alternate count #1 would be triggered)

4Hour Chart shows Wave (iv) nearly completed after an extension 

that has come really close to the count's Invalidation Level.

If the current count stands the test, expect the price to continue moving impulsively 

to the downside to the start of Wave (v).

At the moment, we should see a small correction, similarly to EURUSD, where Wave ii corrects around the %50

retracement of the now most likely completed Wave i.

60Min Chart shows the 5 internal waves of Wave i and now Wave ii start rallying up.

This move should still be corrective in nature and expected to reverse around the %50 retracement

to then continue the impulsive moves to the downside in Wave 3(blue).

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

Andres