[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Hi everyone.
[/vc_column_text][/vc_column][/vc_row]
[_s2If current_user_can(access_s2member_ccap_eurusd)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
EURUSD
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Well finally we see some serious movement to the downside in wave (iii).
EURUSD took a dive this afternoon in wave ‘5’ of ‘i’ of (iii).
The price has now broken two support levels,
The more significant wave ‘1’ blue at 1.1215 has given way,
that level has held since last November.
We can now assume that wave ‘3’ blue is underway,
and this wave has the potential to carry the price to 1.0600 again.
one step at a time though.
tomorrow;
Wave ‘i’ will find a low soon,
and wave ‘ii should correct to about 1.1250.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_gbpusd)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
GBPUSD
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Cable is again dropping today,
after completing a three wave correction higher in wave ‘2’ of ‘iii’.
wave ‘3’ of ‘iii’ should now carry lower tomorrow
and break the previous wave ‘b’ at 1.2966.
the larger wave (i) will take another few sessions to complete,
all going well,
we should have five waves down by the end of next week.
Tomorrow;
The wave ‘2’ high must now hold at 1.3185.
Watch for wave ‘3’ to reach 1.2966.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_usdjpy)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
USDJPY
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
USDJPY is nearing completion of wave ‘ii’ of (iii) now.
The price has simply drifted off the highs over the last few sessions
without much conviction to the downside.
We might still reach support at 111.21,
but not for long,
especially if wave (iii) down has begun again in the Atlantic pairs.
Then wave (iii) up should take over in USDJPY.
Tomorrow;
Watch for wave ‘ii’ to complete soon.
A break of 112.13 again will confirm wave ‘iii’ has begun.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_dow_jones)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
DOW JONES INDUSTRIALS
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The DOW may have hit the low of wave ‘iii’ this evening at 25352.
If we see a fourth wave correction tomorrow which does not break above 25600,
then we can be reasonable confident
that wave ‘v’ will drop again towards initial support at 24879.
That will complete wave (i) down
and we should then expect a three wave correction in wave (ii) to complete a bearish impulse wave lower
and that should kick off at least wave ‘C’ to the downside.
With the target for wave ‘C’ at 21000.
The first real signal that we have topped will come with a break of 24320 at the previous fourth wave.
I expect that level will be broken in wave (iii) down.
Tomorrow;
We are building towards the bearish signal one step at a time now.
Watch for a possible correction in wave ‘iv’ tomorrow to hold below 25600.
If the price continues to drop early tomorrow,
that will signal wave ‘iii’ is extending.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_gold)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
GOLD
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
I am wondering if wave ‘4’ has just completed as a triangle this evening.
The price action is much too messy over the last few days to call it anything else.
If so,
Then wave ‘5’ is still ahead of us and should drop again into support at 1276 to complete a five wave move lower in wave ‘c’ of (iv).
Tomorrow;
We are close to the lows of wave (iv) now,
Tomorrow should be enough to close out wave ‘c’.
the next week we can focus on the upside again in wave (v) of [iii].
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_crude)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
U.S CRUDE OIL
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The triangle idea for wave [iv] refuses to go away just yet.
The price range has continued to contract today with a new lower high.
This is labelled wave (ii) of [iii] in the current wave count,
but it can also be viewed as wave (d) of [iv]
with one more drop in wave (e) left to finish the triangle.
If the price does not break below 55.42 tomorrow in wave (iii) down,
then I will have to switch to the alternate count.
Tomorrow;
Wave (iii) can still accelerate lower tomorrow and rule out the alternate count completely,
but we will need to see the price break lower out of the range and confirm wave (iii).
Watch 55.42 at wave (i).
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_us10yr)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
US 10 yr Treasuries.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The continuation higher today has forced another rethink of the correction in wave [b].
The price is on the verge of breaking the previous high at 122.67.
A break of this level will rule out the recent idea,
So tonight I have shown another interpretation of wave (b) of [b],
this involves an ‘abc’ wave (b),
with an expanded flat internal ‘b’ wave.
Wave ‘c’ of (b) is now rallying to the upper trend line again to complete three waves in wave (b).
Wave (c) is still expected to carry us down to about 120.50 to complete the correction in wave [b] green.
Tomorrow;
Watch for wave ‘c’ of (b) to hit the upper trendline at 122.93 and finish a protracted wave (b).
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_silver)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
SILVER
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
Silver has broken support by a hair this afternoon.
The drop off wave ‘4’ does not look complete as it is in no way a five wave move.
I think wave ‘5’ of ‘c’ should continue lower tomorrow
towards the 62% retracement level at 14.76 to complete.
At that point we can look higher into wave (iii) over the coming week.
Tomorrow;
Watch for wave ‘5’ to hit that 62% retracement level again to finish this correction.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[_s2If current_user_can(access_s2member_ccap_sp500)]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
S&P 500.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_custom_heading text=”1 hr” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”4 Hours” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][vc_custom_heading text=”Daily” use_theme_fonts=”yes”][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_column_text]
The S&P may have completed an extended wave ‘iii’ at todays lows of 2739.
The price should now correct in wave ‘iv’ and hold below 2767 at the wave ‘i’ low.
It is still possible that wave ‘iii’ down will extend further,
all the better if it does!
A triangle in wave ‘iv’ would serve well here as it would not threaten the wave ‘i’ low at 2767.
We will know more tomorrow,
but for now we are on track to trace out a five wave decline off the highs at wave ‘B’ over the next few sessions.
Tomorrow;
Watch for the price to hold below the wave ‘i’ low at 2767 in wave ‘iv’ pink.
[/vc_column_text][/vc_column][/vc_row]
[/_s2If]
[vc_row][vc_column][vc_column_text]
[/vc_column_text][/vc_column][/vc_row]
[vc_row][vc_column][vc_separator border_width=”5″][/vc_column][/vc_row]