Aug 17, 2016
It looks more and more like a top to me with the divergences on the daily chart and finished pattern on the hourly chart. The EW pattern changed, it looks like an ED from early August (not just the last 5 of 5 of 5). This is the weak spot of EW it often mutates and you can not predict it no matter how good you are. Anyway this are small waves from lower degree and we knew to expect something lower this week. Usually the big boys move the price in the opposite direction when a news is expected(FOMC this time), so I will be surprised if we do not see a pop-up higher, but after that a move lower should begin.