Good evening folks,
I am updating early tonight I know!
But I am coming down with some sort of cold today,
and I want to get this done before I have to fall into bed unconscious.

So here we go.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD hit the target area today and completed wave ‘v’ of (c) at 1.1626.
This action has completed a three wave decline off the high in wave [a].

There has been a small reversal higher this evening which should not be ignored.
As this may well be the beginning of wave [b] as shown.
WAve [b] should trace out a three wave correction higher over the coming days,
and I suspect that we will hit the 50% retracement level at about 1.1800.

Tomorrow;
Watch for wave [a] to hold at 1.1626.
Wave (a) of [b] should push back above 1.1700 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The wave count in GBPUSD is pretty bearish at the moment.
If wave (iii) of [c] is now underway,
then tomorrow should bring an acceleration lower towards teh 1.25 handle.
In this scenario, the high at wave (ii) must hold at 1.2865.
A break of that level will signal either wave (ii) is tracing out a larger pattern.
Or the larger wave [b] is still in force.

Tomorrow;
Watch for a break of 1.2670 to signal wave ‘iii’ of (iii) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The price action has become quite compressed today with a slight upward bias.
I suspect this could be a small triangle within wave ‘iii’ of (iii).
And this should be followed by a rally again in wave ‘v’ of ‘iii’ overnight and early tomorrow.
the price must hold above 105.06 at wave ‘i’ pink in order for this count to remain valid.

Tomorrow;
watch for wave ‘iii’ to push upwards again towards initial resistance at 106.06 to complete.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I have introduced another count his evening which might explain the series of overlaps that happened this week.

It is possible that we have been tracing out a large second wave expanded flat in wave (ii) over the last few sessions.
That will explain the tree wave rise in wave ‘a’,
and then a drop to a new low this morning in wave ‘b’.
And now a rally again this evening that has an impulsive look to it so far.

Wave ‘c’ of (ii) is now underway and should carry back up to the 27535 level at wave ‘a’.
This will create two completed bearish impulsive waves off the high.
And will setup for a pretty interesting October as wave (iii) of [iii] gets going.

Tomorrow;
Watch for this rally to end with a break of the wave ‘a’ high at 27535.
Wave (iii) down is ready to go next week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

After breaking the 1861 support yesterday gold reversed higher today with a small rally so far.
This is now labelled wave ‘a’ of (iv).
Wave (iv) is expected to correct sideways for a few sessions before falling again into wave (v) of [c].
At that point we will have five waves down completed in wave [c],
and three waves completed in wave ‘A’.

It is important to note that wave [c] has the potential to fall into the 1750 area to reach equality with wave [a].
so there is still room on the downside here.

Tomorrow;
Watch for a three wave correction in wave (iv) to churn sideways for the next few sessions.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

There is now a possible bearish impulsive wave complete at the weave (ii) high.
This was followed by another spike lower yesterday,
and now we have a smaller lower high in place at wave ‘ii’ pink this evening.

If this short term count is correct,
then we should expect an acceleration lower into wave ‘iii’ of (iii) starting tomorrow.
A break of 38.85 will signal that wave (iii) is in force.

Tomorrow;
watch for wave (ii) to hold at 40.75 and return lower overnight into wave ‘iii’ of (iii).

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am sticking with the same count in the S&P tonight.
The price rallied today in a [possible wave ‘ii’ of (iii).
So far the wave (ii) high is safe at 3330.
And wave ‘ii’ has retraced about 62% of the decline in wave ‘i’ at this evenings highs.

If this short term count is correct,
then we should expect wave ‘iii’ of (iii) to begin tomorrow and fall into the 3150 level.
Wave (iii) will reach 100% of wave (i) at 3131.
So there is a cluster of targets now at that 3130 area as shown.

I do expect this level to be broken in wave [iii] as the structure progresses over the coming weeks.

Tomorrow;
Watch for wave ‘ii’ to complete a lower high below 3330 and return lower.
A break of 3210 will signal wave wave ‘iii’ of (iii) is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The price touched the lower trend channel line at 21.60 this morning and has rallied sharply off that point throughout the day.
I have labelled this rally as wave [a] of ‘4’,
With a further wave [b] and [c] left to complete three waves up in wave ‘4’.
Wave [b] is expected to form a higher low above 21.64 tomorrow evening maybe.
And then the early part of next week will complete wave [c] and ‘4’.

Tomorrow;
watch for wave [a] to complete soon and reverse lower tomorrow.