PROBABLY TOPPING SOON FOLLOWED BY SIGNIFICANT CORRECTION.

10 Mar 2016

The current trend seems to be forming an ending diagonal as wave 5 of 5 (V of one higher degree). If this is indeed the case, we should expect a correction, possibly quite deep. Targets to the downside would be 8.00, 6.50, 5.10, and possibly all the way to around 3.40. A subsequent bullish rally from any of these levels could indicate the completion of wave 2 of a higher degree of the trend.

Next higher degree of trend: tradingview.com/chart/8NmfP6Ri/

11 Mar 2016

Not

Move to alternate wave count (flat correction - short)