Last updated July 22, 2019.
We must continue to content us with overlapping price action and not a clear impulse pattern like on the BVSPA. This makes tracking and forecasting so much harder. So the 1,2,i,ii wave count or a larger b-wave remains on the table. A break below the June low is still needed to confirm the latter. If price only retrace a part of the rally off that low and then moves to new uptrend highs I prefer to view that as wave-iii of 3. With price above its rising 50 and 200d SMA this is still an uptrending market in all aspects. Trade it as such until that changes.