Tonights update will be a little less apocalyptic to begin with.
How about this to start;
today I am alive and I have a chance to live the life God gave me in relative freedom without any attacks or oppression.
Today I hope I did live as close to the will of God as possible!
I aint perfect by a country mile,
but I am trying.

Todays was a good day.

Here we go.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am looking at the alternate count on the short term chart this evening with fresh eyes after recording the video earlier.

Wave ‘B’ can be viewed as an expanded flat,
and we are closing in on the end of that pattern now.
If this is correct,
then we will see a large five wave move lower into wave ‘C’ over the next week with a good chance that we hit that 1.1000 area to complete.
The main count is tracking the tighter wave (D) and (E) scenario.
That should bring a corrective decline on Monday in wave ‘B’ as shown.

Monday;
Watch for wave ‘B’ to decline to a higher low above 1.1600.
Wave ‘C’ must complete below 1.2010 towards the end of next week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable barely moved today off the highs of the week.
The price seems to be tracking higher in wave (c) of [b] reasonably well so far.
Wave [b] should top out at the upper trend line at about 1.3270,
and then we should see another sharp decline into wave [c] by the end of the week.

Monday;
watch for wave (c) of [b] to top out and complete five waves up by the end of the day.
Wave [c] should begin by late Tuesday.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has hit rock bottom!
Momentum is now at at an oversold level on the 4hr chart and on the daily chart.
The pattern is looking pretty mush done in wave ‘C’,
and sentiment is dismal towards the USD.
So I am actually pretty positive now on the USDJPY!

Monday;
I will be looking up again next week,
to see if we can begin an impulsive move and create a bullish higher low.

A move back above 105.00 again will be the first sign that a turn may be underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

We are at a pretty key juncture in the DOW right now.
I am aware that the bearish scenario is less likely now,
although it has not been ruled out by invalidation yet.
Only a break above that wave ‘2’ high at 28950 again will do that.
So there is still a chance!

The alternate count for wave ‘4’ and ‘5’ is ready and waiting in the wings now.
The move off the wave [i] low at 26000 is viewed as wave [i] of ‘5’ in that scenario.
This alternate count will lead to a new all time high above 31000 if it is proved correct.

Monday;
In terms of the main wave count.
This interpretation will be re-ignited if we see an impulsive move back below 26000 next week.
A break of the wave (b) low at 27000 will be a signal wave (i) of [iii] has begun.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The correction in wave (4) is enjoying a prolonged respite as wave ‘B’ closes out.
The price is back above 1950 this evening again,
but I fear this will not last for long,
and wave ‘C’ of (4) will take over again soon enough and fall sharply for a sustained period.
Wave ‘C’ of (4) should completely remove all bullish sentiment from the market once its done.
In fact,
hedge-funds are the most bullish on gold they have ever been right now.
And there isn’t a bearish news piece in sight on the web!

So the market is still showing an over-bullish leaning among traders and the media.
Time for another hit I think!

Monday;
Watch for wave ‘B’ to top out next week in the area of 1973,
and then head lower in an impulsive move to begin wave ‘C’.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The pattern in crude is less than satisfactory this week!

A three wave correction in wave [ii] is a possibility for sure,
but the internal sub-waves are not ideal.
And this is leading to a little hesitancy on my part regarding the beginning of a third wave down.

The decline today can be viewed as a start in that direction.
But again,
the pattern is not impulsive looking yet.

As I mentioned in the video,
there is a chance that this decline is part of a larger expanded flat correction in wave (b).
And then wave (c) will carry higher next week.
I can only wait and see on that front.

Monday;
If wave (i) develops into a five wave decline,
then I will be mush happier about this short term count.
I would like to see wave (i) push into the 35.50 area to complete.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The alternate count for a wave ‘4’ triangle is still in play today.
This involves wave [d] topping out below 3548 at the recent highs.
Wave [e] falling into a higher low above 3210 again.
That will complete a triangle correction and wave ‘5’ will be free to begin out of that pattern.
A break of the 3548 high will not rule out the triangle,
but it will signal a more prolonged pattern.

The main count has not been ruled out either yet.
This involves a correction in wave [ii] topping out now.
It is a very close call on this front though,
so I am not not so confident at this point.

Tomorrow;
Watch for wave (i) of [iii] to pull the price lower early on Monday.
A break of 3548 will rule out the main count at least.
And then triangle will take the spotlight.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is pushing higher to complete wave [iii] of ‘C’ this evening.
Wave ‘C’ is expected to trace out a five wave move higher as shown.
and that suggests a top in wave ‘C’ by the middle of next week.

Monday;
Wave [iv] and [v] are left to complete early next week.
Wave [iv] must hold above 24.48 at the wave [i] high.
And wave [v] should top out at about 26.50 at the upper trend line.

That does it for the week.
It’s been a pretty challenging week trying to track these patterns given the amount of volatility surrounding the elections in the U.S.
But the pattern seems to be clearing now in the metals at least.

I want to thank you all again for hanging on for the week.
I pray the blessings of the Almighty God and his only Son Yeshua, upon you all.
You all have been a real blessing to my life and I thank you for that.

Until next week,
Shalom,
enda.