Here is the update of my chart from last Saturday:





Last week's drop confirmed the big bearish ABCD from May 6th to May 13th. The minimum objective for the move off it hasn't been reached yet, so we should expect more downside in the coming week.
I'm thinking about the scenario of another zigzag ABCD right to the same downsloping line. It would alternate nicely with EXP ABCD from the beginning of the week and help to drive prices to 1.272 off the big ABCD.

Here's a curious 'factoid'. Each of the three successive corrections today has been smaller than the previous one. This is forming an 'uptrending wedge', which could break down sharply. I don't think this will be the case, but layouts like this, with perhaps more favorable 'context', frequently do. I'd look for an upside explosion in this case.

Hmmmm, berry, berry interesting...

Moving nicely off this .447 bullish DT ABCD:

What a classic behaviour - the move off the ABCD was a typical trendline creep, which was followed by a break to the downside as expected in such case, return move to the broken line and down it goes:

Looks like the low isn't in, like all the pundits and analysts said. But the PPT and MRRD's still have time. After all, these are truly bull conditions we have out there.

Watch this ABCD here for clues.

Bulls need to defend the recent low:

Although I think the bulls will vigorously defend this area, notice it bounced up in a small ABCD and then rolled hard off it? Watch the magic .786/.886 game area.

Uh-oh, careful bulls, better MRRD it here before it is too late.

Ruh-roh bulls...

Okay, watch here just past the 1.272, I think they'll come in.

Jim I wish I was here also ,but was working. Jim maybe getting a private room where you can see who is actually in the room on a daily basis maybe better suited. At least then you can see who commits on a daily basis and for the ones that can't be there live for personal reasons(day Job, different time zone) can post charts at their leisure or per your request. They have software that a click of the mouse takes a screenshot and sends it directly to your room. As you usually point out with uncanny ability area after area, is it better to take a screen shot and point out the time frame you may see this on then describe it and have no response and only to refresh the forum a couple of minutes later with no response. Their can be rules in the room as if you make a comment and someone has a question but you are preoccupied with your own trading ,you flash a signal or icon saying you will answer when available. If you start to see the interaction is better and more questions arrive you may charge a fee. Your time and energy is money. I guess it is all what you want out of the forum and your members and how you want it structured. This is just my opinion to try to remedy some of the frustrating issues.