We are we:
1) We are at Day 7. In the first count this was the absolute low, it is possible that day 6 (8/16) produced the low.
2) Divergences have materialized in both counts with the and %R
3) The Murrey Math Osc, has gotten to the squeeze point of staying long. In the previous count prices were coming off of the low point and Day 8 produced a Buy Signal in Osc. I think here it will only be the squeeze and then a resumption of up.
The Bias is to Buy on August 18 on the open of Trading. With Stops below the must recent low. This count becomes invalid on a close below the most recent low as then it would have potential to move back in to the support band. Obviously no one can predict the future and this advice is only provided as a means of a potential observation. Trade at your own risk