Hi everyone, hope you are all great.

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

Weekly Chart is showing Wave (1) could be completed now that the price has crossed 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) of Wave [B] correction towards the %62)

Daily Chart is been showing Wave (1) could be nearly completion as the price has now crossed the EMAs impulsively after nearly a year... let's see the price reaction to the long-term Trendline (blue),

as it could trigger corrective Wave (2) to bring the price down back towards the EMAs area... 

4Hour Chart is showing the potential completion for the initial Wave (1) now that the price is sitting on 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 (1)...

So watch out for signs of the start of Wave (2) correction to bring the price lower in 3 waves...

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

And showing 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 as it is crossing 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... as Wave [iii] develops...

Wave (iii) developing... with its internal Waves either all at nearly completion or just Waves i and ii only completed...

60Min Chart is showing a close up of the internal Waves of Wave (iii) developing...

And, within Wave (iii), Waves i, ii, iii & iv could also be completed... Unless there is a more bearish outlook; With just Waves i & ii completed, as mentioned in the H4 Analysis...

Weekly chart shows an extended Wave (4) correction crossing the 200EMA in a rather struggling 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 and corrective...

(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, for that, the price still needs to complete the 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 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 be doing... as the latest impulsive moves down are showing Waves i & ii of Wave (i) (green) to the downside...

60Min Chart is showing the internal Waves of Wave iii developing, as the price starting to show impulsive waves to the downside within a Range (yellow)...

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.