The larger wave I lower from the .8135 wave (IV) highs from 1/26/2018 where the weekly & daily right side is down ended the cycle at .6670 on 10/2/19 . From there a wave ((W)) is in place on 12/31/19 at .7033 where the 4 & 1 hour are turning lower. While a bounce fails below there expect wave ((X)) corrects the cycle from the 10/2/19 lows.