Good evening folks, and may God Bless you all again tonight.

I recorded the video earlier here it is.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Todays action has traced out a small flat correction.
I have labelled this as wave ‘iv’ of (iii),
wave ‘v’ of (iii) should decline into the 1.1600 area again to complete wave (iii).

If this short term count proves correct,
then we will have a few more days of downside ahead of us as wave [v] green completes.
The overall pattern has reached the minimum target already,
but I would like to see wave [v] complete below 1.1600.

Monday;
Watch for wave ‘v’ of (iii) to fall into the 1.1600 handle again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has found at least a temporary bottom today as the price has been stagnant around 1.3600 for the session.
We will get a rebound from these levels soon enough,
but the pattern off this low is now the deciding factor for determining if wave ‘2’ is complete already as per the alternate count.

If we get an impulsive rally from here then the main count is correct.
If the price only corrects higher then the alternate count is correct.

Monday;
Watch for wave [b] to hold above 1.3570,
wave [c] up should begin with a spike higher back above 1.3700.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY did move sharply lower today back towards the 109.11 low at wave (iii).
This move gives the main count a boost.
and I am expecting this decline to continue in five waves to form a new low for wave [c] of ‘2’ next week.
The minimum target for wave (v) lies at 108.71.

Tomorrow;
Watch for wave ‘iii’ of (v) to fall back below 109.11 again to signal wave (v) is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A switch in labelling today but this is still possible.
A (i), (ii) pattern here would really require a reversal on Monday for sure.
In favor of this count is the obvious three wave pattern higher in wave (ii) today.
The price reached into the 50% retracement level of the wave (i) decline also.
So there are points in favor of the bearish outlook here.
If this count is correct,
then we will have a major down week next week.
and the price should easily break 33740 at the previous wave (b) low.

Monday;
Watch for wave (ii) to hold at a lower high and preferably we will see a reversal into wave (iii) by the close of session on Monday.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is on the verge of confirming the bullish pattern now.
I if the price breaks above 1800 again I will switch to that alternate count.

I have updated the alternate count this evening also.
It now shows a possible fourth wave triangle in play for wave (iv) of [i].
This count will be ruled out if the price falls below 1752 again at the wave (i) high.

Monday;
Watch for a decline below 1752 to rule out the alternate count.
The price must hold below 1795 again to stay with the main wave count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The bearish count stands again today as the price continues to fall within a possible wave (iii) grey.
I have shown wave ‘iii’ of (iii) as complete this evening at the lows of the session.
In this scenario we should see a correction higher and then another spike lower to complete wave (iii) on Monday.
This count suggests we should not see a break of 65.00 again as wave [iii] green completes.

Monday;
Watch for wave (iii) to continue lower and compete with a break of the 60.00 handle.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Five waves down and three waves up………

The pattern surely suggests at least an increasing possibility of a sharp move lower coming our way.
Wave ‘ii’ has formed a strong rebound this week that is for sure.
But we hare at a lower high after a three wave rally.
And the market seems to have come to a halt after breaking above the 62% retracement level this evening.
The pattern is clear,
and it cant be ignored.
This calls for a reversal on Monday and a sharp decline into a third wave .
Wave ‘iii’ down should bring us back below 4300 again.

Monday;
Watch for wave ‘ii’ to hold below the all time high again.
A break of 4350 again will signal wave ‘iii’ down is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The price has broken below the lower bounds of the triangle wave (iv) today.
this action suggests the triangle is complete at 23.50.
And wave (v) is now underway with a break of 22.99 again.
There is one flaw here and that is the fact the the move lower today is messy for sure.
Maybe it will develop into a clear impulsive wave down next week.
So I will allow this count time to work out.

Monday;
Watch for 23.50 to hold and wave (v) down to continue lower in five waves.