Good evening folks, And God Bless you all.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I have marked todays decline as wave (a) of [b]
with more downside to come next week to complete a three wave decline in wave [b].
It is impossible to know yet what pattern wave [b] will take,
although given the rise off todays lows has retraced a good amount of the small decline,
then I am looking at an expanded flat correction for wave [b] to begin with.

Monday;
Wave [b] should fall into the 1.1800 handle when complete,
so watch for wave (b) and (c) to trace out on Monday and Tuesday to trace out a higher low above wave ‘A’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

After another drop to a double bottom low this morning,
I now think the action over the last few days wave a sideways triangle within wave ‘i’.
Wave ‘i’ completed at todays lows,
and wave ‘ii’ is now underway off that low.

I expect wave ‘ii’ to rise in three waves and complete at about 1.3800.
And then I will be looking for a sharp decline into wave ‘iii’ down.

Monday;
Watch for wave ‘ii’ to complete a lower high in the area of 1.3800.
WAve ‘iii’ down should begin on Tuesday.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is in a correction now and the nature of a correction is that the pattern can take many forms.
This leaves us guessing as the pattern develops,
so tonight I present to you another interpretation for wave ‘4’ blue.

The decline into Thursdays lows can be viewed as a three wave form with a triangle in wave (b).
The rally off that low is now labelled as wave (a) of [b],
Where wave [b] should rally to a lower high below the wave ‘3’ high at 110.96.
Wave [b] should complete by midweek next week,
and then wave [c] is expected to drop back into support at 108.40 again.
This will complete wave ‘4’ and then wave ‘5’ is expected to rally out towards 112.00.

Monday;
Watch for wave (b) to hold above 109.00 and wave (c) to rally towards the 110.00 handle again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A new all time high has been made this evening in wave ‘v’ of (c) of [v].
the pattern is getting a little strange right now,
as the bars are quite tightly bundled together all through todays session.
I suspect this is just a correction within wave ‘v’,
and we should see a continuation higher into the 33800 level where the price will begin to meet the upper trend line.

once we hit that upper trend line again
and we have a five wave pattern complete in wave (c),
then I will begin to look for reversal pattern off the high of wave [v].
If we get five waves down off that final high next week,
then the confidence level for a top in place will rise quite high.

Monday;
We have a rally out of a corrective fourth wave to a new high today,
so we do have the minimum expected level in place for wave ‘v’ to complete.
The close we get to that upper trend line,
the higher the chance will be that we see a reversal begin.

I am even thinking about a ‘flash crash’ type scenario to begin wave [i] down.
Don’t rule that out anyway!

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has hit the target level for wave [iv] to complete.
And now we have a pretty sharp decline in place off that wave [iv] high today.
The base case now is that wave [v] began today,
I am labelling this initial move off the high as wave (i) of [v].
We should see a small lower high by Monday evening in wave (ii) and wave (iii) down will psuh back down below 1700 at a minimum.
I suspect wave (iii) of [v] will break the recent lows at 1676 before completing.

Monday;
Next weeks trade should be dominated by wave [v],
but I think this final decline should not take too long to complete.

Watch for wave (ii) to complete below 1755 and then accelerate lower into wave (iii) by midweek.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

As the days have gone on this week the idea of a triangle in wave (iv) has come to the fore.
I have not switched to that count this evening,
as both wave counts call for further declines into the 55.00 area next week.

The corrective action higher after that next decline will determine which count is more fitting.
A larger correction higher in wave [ii] will favor the alternate count.

Monday;
Watch for wave ‘iii’ of (iii) to drop below 58.00 again to confirm that wave (iii) is underway.
60.80 should continue to hold from here.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The price has actually traced out five waves up out of the triangle pattern in wave ‘iv’ pink into todays highs.
That pattern is not ideal as a final wave ‘v’ though so I am not getting ahead of myself yet!

In favor of the main count,
is the fact that we are now approaching the target level for wave (c) at 4120.
This is the level where wave (a) and (c) reach equality.
We are also approaching two upper trend lines,
the trend lines cross at 4133.
After those two target levels I don’t see any level above that to look at just yet.

Monday;
One thing is becoming clear,
next week will be a real test for this rally.
and if we see a reversal pattern take shape next week,
it may be one of great significance.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has dropped off that 25.60 high today and I am looking at a possible ‘i’ ‘ii’ pattern in play now to begin wave (iii) down.
Wave ‘iii’ will only be confirmed with a break of 23.75 at the recent low,
but if this is wave ‘iii’ now underway,
that target should be hit pretty quickly.
If the price breaks the wave ‘b’ low at 24.63,
that will signal wave ‘iii’ is underway.

Monday;
Watch for wave (iii) down to make major progress next week.
I want to see a break of the 22.00 handle again before this wave completes,
but one step at a time.
keep and eye on 24.63.

If you havent noticed this last few weeks have brought a resurgent belligerence onto the world scene.
Russia, Iran, china, are all making moves to launch attacks on their respective targets.
Ukraine, Isreal and Taiwan are all gearing up to defend themselves.
The world is moving into another war cycle,
and I fear these will only be the opening salvos in this new cycle.

If it goes the way I think it could go,
then God Help us all.

Shalom to you all this weekend,
and the blessings of the Messiah Yeshua to you all.

see you Monday,
enda.