Good evening to one and all, and may you all be mightily Blessed by the Messiah Yeshua tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The correction in wave (iv) held onto the action again today.
The price made a very slight new high today by only a few pips,
but this does require a new look at that structure.

The best fit pattern for wave (iv) now is again a three wave pattern higher,
with wave ‘b’ of (iv) forming a triangle.
This pattern suggests another drop into wave (v) next week.
The drop this evening might even begin wave ‘i’ of (v) and if so,
then Mondays trade will be down for the most part.

Monday;
Watch for wave ‘i’ and ‘ii’ to create an impulsive drop to a lower high to begin wave (v).
Wave (v) itself should fall into the 1.1700 area again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable traded mostly sideways today also.
this action is now viewed as a small correction within wave ‘i’ down.
If the price falls into 1.3870 again that will complete five waves down in wave ‘i’ of (v).
And then on Monday we can expect a recovery to a lower high in wave ‘ii’.
Early next week should be dominated by wave (v) and I expect at least a drop into 1.3782 to complete.
Wave (v) could easily fall into the 1.3600 area to complete though.

Monday;
Watch for wave (v) of [i] to trace out five waves down and complete by midweek.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

We have a clear three wave pattern lower off this weeks high now.
I am now counting a 1,2 pattern within wave ‘iii’.
And if this is correct,
then wave ‘3’ of ‘iii’ is set to take over next week
Wave ‘iii’ pink can easily propel this pair up into the 112.50 area when complete.

The price has spiked higher off the session low this evening,
so wave ‘3’ may well be underway now.

Monday;
Watch for wave ‘3’ of ‘iii’ to continue higher in five waves.
The wave ‘2’ low at 110.48 must hold.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Wave ‘c’ of (ii) has now completed a five wave rally at the highs this evening.
The market has reached the 78.6% retracement level of wave (i) also today.
And at this point,
I am looking at the possibility that wave (ii) is now done here as a simple zigzag correction higher.
And wave (iii) of [iii] to the downside is ready to go.

The pattern off the all time high has traced out a series of 1,2 waves to the downside.
If this count is correct,
then the market is about to get blindsided into wave (iii) of [iii] down.

We can expect this sharp decline to begin next week.

Monday;
Watch for wave (ii) to complete now and the first signs of wave (iii) down to begin on Monday;
Wave ‘i’ of (iii) should break 33740 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has held below the wave (iv) high today at 1794,
ad we have a possible wave ‘i’ ‘ii’ wave complete to the downside off that correction.
This action adds to the idea that wave (v) is now underway here and we should expect to see a decline into the 1700 level again in wave (v) of [iii] next week.
Wave (v) should complete and then rebound again in a corrective fashion in wave [iv] green over the following week.

Monday;
Watch for wave [iii] down to complete early next week.
A break of 1761 again will signal wave (v) is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is holding quite close to the highs at 74.00 this evening.
The action still favors a higher high above 74.20 to complete wave ‘v’ of (v) next week,
So one more push above that upper trend channel line will complete a clear five wave pattern in wave ‘v’.
Once complete,
this pattern will allow me to begin looking lower again for a impulse wave down.

Monday;
Watch for wave (v) to complete five waves up off 69.56 early next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is approaching the target band for wave ‘v’ of (v) this evening.
The market is holding at a new all time high right now,
but I suspect we will see another small spike higher to complete wave ‘c’ of ‘v’ above 4284 on Monday.
that will complete three waves up in wave ‘v’,
and closed out an ending diagonal in wave (v) again.

Next week is looking likely to bring in a sharp move lower again and the possibility of a new bearish pattern off the top.

Monday;
watch for the market to pop into that target band above 4284 and then fall impulsively out of that area by midweek.
4137 is the key support in the short term pattern.
A break of that level will signal a top is probably in place again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Wave (b) is still in force this evening in silver.
The price did pip above the previous top at wave (a) today,
but I think the pattern is developing into an expanded flat correction in wave (b) now.
That pattern suggests a decline into 25.77 again to complete wave ‘c’ and wave (b).
And then wave (c) should rally again towards 26.50 to complete the correction in wave [iv].

Monday;
Watch for wave (b) to complete on Monday at 25.77.
Wave (c) up should begin on Tursday.

God Bless you all mightily this weekend.
If I make it through this weekend,
I look forwards to catching up with you all again on Monday!

Shalom from galway,
enda.