Had to add it sooner or later!
We can see the short SMA is negative and prices have broken below the monthly ML. 4 Weekly pivots are clear and we are in weekly wave -5. A break below 1520 will make a valid MAP wave count on the monthly pivot scale.
On the weekly pivot scale we can see the long SMA has rolled over and with the short SMA we can clearly see we have completed 4 waves and the 5th is showing strong signs of subwaves. A final monthly low is expected between August and December of at least 1240! Prices are moving across to the -2-3-4MLU and once they break down a rapid drop to the ML is expected once MF-1-2 MLL is broken! We can clearly see the 0-4 bear break line has failed so I would expect momentum to the down side to increase.
On the daily pivot scale we can see the detail of the sub wave formation which so far are down to a clear hourly pivot scale (expecting a minimum of daily, 4 hourly and hourly subwaves). Ideal wave pivot 4H-3 location is shown as well as the expected maximum location. A correction at that point to the W-2-3-4MLU would not be a surprise to retest the 1520 low, before breaking down towards the latest weekly ML and Monthly MLL.