Good morning

It's been awhile and things haven't been going as I expected. Details matter when counting waves, and it's a bit disappointing you sometimes miss important things. In mid April I presented you a diagonal, but if you looked carefully it did not make sense because wave iv never overlapped wave i :

 
In a diagonal wave iv needs to overlap wave i, such a simple rule.... and well, in the count above there is no overlap. So yeah, IF we are really dealing with a diagonal the overlap will come - and we will move the wave iv low to the right, it must travel below the blue line, but it should not go below the 0:2 line. Because the 0:2 line is going up there is not much time left. So hopefully we'll print that low soon, and can start making progress from there.

The bigger picture :

And the recent price action, well the double zigzag is becoming a triple zigzag. We tried to count upward from the April low, but it did not work as an impulse, another diagonal was a valid option and that possibility still exists, however we can no longer ignore that there was no overlap in the diagonal of higher degree the count makes no sense without that overlap. So we have to count the recent price action as follows :

Hopefully some better news in the next update.

Sincerely Yours,