Hi everyone, hope you are all great.

So... Let's get into it...

Weekly Chart is showing a quick raise in Wave C(red) to complete Wave (D), seems like another drop for Wave (E) is still targeting 

the lower triangle trendline, to complete this long term correction...

A rise from the lower trend line, after the this long-term 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) still continuing towards the lower trend line and possibly to match 

previous lows (of Wave B(Red)).

Although the latest raise showed to be quite impulsive and could have signal the start (or soon to be the start) of the new Trend up...

The moves continue to be corrective in nature overall, and still below the EMAs, so I wouldn't start long positions until

the price raises higher impulsively for the start of the new trend up described in the Weekly Chart.

4Hour Chart is pointing at the price completed an extended corrective Wave iv.

Right after there has been a clear 5 waves move that could have completed Wave v.

And the latest impulsive raise could be the initial Wave i of the new Trend up...

Wave ii is now lingering at the %76 retracement area...

Watch for the potential Wave ii to confirm completion, or the start confirmation of

Wave iii (when the price crosses the high of current Wave i)...

60Min Chart shows the 5 Waves in this impressive and explosive move up that should have completed Wave i

And since then the price moved in a corrective way to what should be Wave ii retracing and stalling now at the %76 level.

Weekly Chart is showing an extended Wave C(red) now at nearly completion of just its internal Wave [v] 

to potentially make a last high (unless is a failed Wave [v]).

Notice the Alternate #2 for more extensive correction of long-term Wave [B] to have in mind.

Daily Chart is showing Wave C(red) almost completed in the form of 5 waves

to make for an extended Flat correction, as it broke out of the internal Range and 

now is above the upper side of the long-term triangle formation (blue trend line).

Wave [iv] seems to have confirmed completion above the blue Trend line and 200EMA

And now Wave [v] has Raised impulsively to eventually complete Wave C(Red)...

4Hour Chart is showing the price trending within a Range that has been broken to the downside,

completing Wave (c) of Wave [iv] in the form of 5 waves.

Immediatelly after there was an impulsive move up in the form of 5 waves that could have set up the initial Wave i of larger

Wave [v].

And now corrective Wave ii could have completed or get extended depending on the next price action...

Watch for Wave iii to continue moves above Wave i, if this count is correct, and current Wave ii confirms completed.

60Min Chart is showing how Wave ii could have found a bottom at just below %50 retracement of Wave i

And the price it is now grinding higher in a corrective way rather than impulsively

which suggests that Wave ii could be extended towards lower retracement areas (i.e. %62).

Watch for Wave ii confirmed to be completed to then expect impulsive waves to initiate Wave iii and make new highs.

Weekly chart shows an extended Wave (4) correction hitting and rejecting the 200EMA to 

potentially put an end to this correction rally.

At this point the price could start coming down lower to start Wave (5) or continue higher as Alternate #1 suggests.

(Note Alternate #1 for a possible larger Wave (4) developing across the 200EMA).

Daily Chart is showing the Wave C(red) completing Wave (4) in what should then be a false breakout 

of this long term triangle formation (blue long-term trendline). 

Next, if this count is correct, we should expect the price to continue the moves down impulsively for Wave (5) towards

the lower trend line (blue) after the current corrective Wave (ii) confirms to be completed (i.e. breaking out of the current Range/Market Structure to the downside).

4Hour Chart shows Wave (ii) correction extended to reach the %76 retracement of Wave (i) at above the upper trend line (blue).

Next, I would wait for the price to confirm Wave (ii) completion, before committing to short positions.

(i.e. breaking current Market Structure (yellow trendline) and/or breaking out of the lower trend line, as mentioned in the Daily Chart)

60Min Chart is showing the internal waves count of the extended Wave (ii) that reached %76 of Wave (i)

The latest move down for a potential Wave 1(blue) completed and now Wave 2(blue) retracing to nearly 0.

Watch for Wave 3(blue) to start bringing impulsive moves with a target towards the lower trend line (blue)

breaking the current Market Structure (yellow trend line).

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

Andres

Please be aware: that these Analysis are own opinions, not Trading advice; Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite.