Hi everyone, hope you are all great.

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

Weekly Chart is showing Wave (E) should have been completed now that the price has re-entered and crossed towards the upper long-term trendline...

A rise from the lower trend line, after the this long-term correction, under the current count,

suggests 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 been showing Wave (E) found the bottom as the price has now crossed the 200EMA impulsively after nearly a year... let's see if this the price reaction to the long-term Trendline (blue),

as it could trigger corrective Wave (ii) to bring the price down back towards the EMAs area... 

Act with caution; ... but these could be signs of a new trend up starting...

4Hour Chart is showing the potential completion for the initial Wave (i) now that the price is at the long term trendline we should be cautious of the potential start of corrective Wave (ii) to bring the price down temporarily...

60Min Chart shows the potential for this new Trend up... with 5 Waves possibly completing Wave (i)...

So watch out for signs of the start of Wave (ii) correction to bring the price lower in 3 waves...

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

And signs of the price reverting into a down Trend as it heads down towards the EMAs...

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

Daily Chart is showing Wave C(red) most likely completed at the top trendline of the Trend Channel(yellow).

So watch for the price to cross the 200EMA and lower Trendline for the potential of a new long-term Trend to the downside...

Especially now that Waves (i) and Waves (ii) have completed, under the current count...

4Hour Chart is showing a reasonably impulsive Wave (i) completed and Wave (ii) now also completed at %76 retracement of Wave (i)... while creating a Head & Shoulders Formation that made a break to the downside...

That count leaves Wave (iii) underway... with its internal Waves i & ii completed on the latest impulsive move down...

and Wave iii likely still underway; with its internal Wave 5(blue) still to be completed...

60Min Chart is showing a close up of how Wave (iii) has been confirmed started as the price crossed the lowest of Wave (i) @1.19532...

And, within Wave (iii), Waves i & ii also seem completed... with the internal Wave 5(blue) of Wave iii currently underway...

Weekly chart shows an extended Wave (4) correction crossing the 200EMA in a rather struggling but consistent way...

At the current resistance points the price could start coming down lower to start Wave (5)

or continue higher as Alternate #1 suggests...

Regardless of the direction, the moves look rather weak than impulsive...

(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).

If this is a false breakout the moves could start bringing the price down impulsively if it re-enters the blue long-term trendline.

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

But the price still needs to breakout of the current tight Ascending Range formation (yellow) and cross the EMAs... 

4Hour Chart shows Wave (4) correction forming an extended last Wave 5(blue) within the current Range formation(blue)...

Next, I would wait for the price to confirm the start of Wave (5), before committing to short positions.

(i.e. breaking current Market Structure (blue trendline) and EMAs to the downside)...

which appears to have the potential of doing soon... as the latest impulsive moves down are showing

60Min Chart is showing the price starting to show impulsive waves to the downside, although still at the lower Trendline of the current (blue) Range formation...

Watch for further moves to the downside, which could lead to opportunities for further moves downwards,

as the current count confirms Wave iii could be underway soon, as the new current count suggests...

(Following an invalidation to previous count, previous Alternate count is now the main count; suggesting Wave ii possibly still completing...)

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.