I pray God’s Blessings you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The sideways pattern continues in EURUSD today without reaching a new high above wave ‘iii’.
Now we have a flat correction in wave ‘iv’ of (c) with the possibility for a new high in wave ‘v’ of (c)to complete the pattern.
If the price falls early on Monday and breaks the wave (b) low of 1.2048 again then wave (i) will be confirmed.

Monday;
Watch for wave ‘iv’ to complete and then wave ‘v’ to break 1.2243 before falling into wave (i) down.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable made a new high above 1.4220, but failed to break the invalidation level at 1.4239.
Until that happens,
I am going to stick with the idea that wave [b] is still topping and wave [c] is about to come in.
The price did fall again this afternoon,
so it seems we have a rejection again at the invalidation level.
So there is still a reasonable chance that wave (i) of [c] can take over next week.

Monday;
Watch for the high at 1.4239 to hold and wave (i) down to take over.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The action in USDJPY has neither confirmed wave (i) up or invalidated wave [ii] green.
So we are in a type of limbo here with wave ‘i’ and ‘ii’ still in play but no confirmation of wave ‘iii’ up yet.

Monday;
Watch for the low at 108.57 to hold and wave ‘iii’ of (i) to push higher to break 109.33.
This will ease the pressure on the count and signal wave (i) is in fact taking over.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The alternate count seems more likely today after another push up into the previous high labelled wave (a).
Last nights wave count has not been ruled out,
as we did not see a break to a new high in wave (c) of [ii].
But we do have a five wave pattern in place in wave (c) at that slight lower high.
So I think the larger wave [ii] scenario is more fitting at the moment.

Monday;
Watch for wave (c) and wave [ii] to complete and wave (i) of [iii] down to head lower again and break 33280.
A break of that low will open up the possibility for a larger decline next week in wave [iii].

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is still holding below the recent 1889 high even after todays spike higher.
The rally has lost all momentum now in wave [b],
but I am still waiting for that impulsive move lower in wave (i) of [c] to herald in the las phase of the larger count.

Monday;
Watch for wave (i) down to be confirmed with a break below 1808 by midweek.
A break of 1850 again will signal wave (i) has begun.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Wave (i) down completed today and the initial move higher into wave (ii) came in.
The high of the session today is labelled wave ‘a’ of (ii),
with wave ‘b’ expected to come in on Monday.
Overall next week we should see a three wave move to a lower high in wave (ii) complete,
and then I will be looking for an acceleration lower into wave (iii).

Monday;
watch for wave ‘b’ to hold above 61.55 and then wave ‘c’ should come in on Tuesday.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P did reach a new high to break the previous wave ‘a’ high today.
The overall pattern is a flat correction in wave (ii),
and at the moment we have a bearish lower high in place.
Now we need to see another impulsive move lower to begin wave (iii) down.
A break below 4030 again will signal wave (iii) is underway.

Monday;
Watch for wave ‘i’ of (iii) to begin on Monday and drop into the wave ‘b’ low at 4060 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver made another move lower today with quite a nice impulsive spike.
This action is hard to interpret at the moment.
The decline off the high of wave ‘ii’ is held within a channel .
And with that action,
todays low can easily be viewed as part of an expanded flat correction as shown by the alternate wave ‘ii’.

Monday;
If we fall into 26.70 again that will confirm wave ‘iii’ is underway.
A break of 28.00 again will signal wave ‘ii’ is still underway.