Good evening to one and all,

I pray the Blessings of Messiah Yeshua to you all again tonight.

Here we go.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Todays high did extend the correction in wave ‘iv’ a little,
but as far as the main count is concerned,
I don’t this the rally is enough to call wave (v) of [v] of ‘C’ complete yet.
The action off Fridays lows still looks reasonable corrective,
and I am allowing for that last decline in wave ‘v’ to complete the pattern tomorrow.
If the price rallies back above 1.1683 at the wave (iii) low,
then I will be confident to call wave ‘C’ of (D) complete and then we can look higher for a three wave rally in wave (E) over the coming weeks.

Tomorrow;
Watch for wave ‘iv’ to hold at 1.1640.
Wave ‘v’ should fall again and break 1.1562 to complete wave (v).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

If we start om the 4hr chart I want to mention the larger wave ‘2’ idea again here.
This is the main alternate count shown in red boxes.

So far we have a series of declines off the high at 1.3983.
this can be viewed as a three wave pattern in wave [b].
And that would suggest a rally in wave [c] to come which should break that same level.

so,
the alternate count allows for a five wave rally in wave [c] to break 1.3983 again.

As for the main count.
Todays rally is now viewed as wave (ii) of [iii].
The price has gone too far to consider this part of wave (iii) of [iii].

The rally has now gone far enough to consider wave (ii) complete
as todays rally has just failed below the 50% retracement level.
A sharp decline again tomorrow will signal wave (iii) is underway.

Tomorrow;
Watch for wave ‘i’ of (iii) to fall back below 1.3500 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

It looks like the correction in wave (ii) is still in force today.
The price rallied in three waves overnight,
and today that rally was wiped out again.
I have labelled wave ‘b’ complete at the high of 111.30
and now wave ‘c’ underway off that high.

Tomorrow;
The decline in wave (ii) is now approaching the 50% retracement level at 110.59,
and the previous wave (b) high at 110.44.

Watch for wave wave ‘c’ to find a low at this next support area.
A rally back above 111.30 again will signal wave ‘i’ of (iii) has begun.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Take a look at the 4hr chart.

If I look at the declines off the high without bias,
then I can still read this action as corrective off the high.

And if that is the case,
then I believe we are at a very pivotal point in this pattern now.
A correction should hold reasonably within a channel for the most part.
So if the price holds up this week,
Then this channel holds too.
And the market will likely build off these lows towards another rally.

On the other hand.
If the market takes another turn to the downside this week,
that should begin an acceleration phase to the downside in a possible third wave.
And then the bearish long term view gets a big boost.

So this week should be enough to decide between both cases.

Tomorrow;
Watch for a possible turn down into wave ‘iii’ of (iii).
Todays decline has only traced out three waves down so far.
So we need to see a decline early tomorrow to follow through on this count.

The alternate short term count allows for a rebound in a larger wave ‘ii’.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold spiked higher today and the pattern off the wave [ii] low is now clear as a five wave pattern.
I view this as wave ‘i’ of (i) of [iii].
If this count is correct,
then we are set for another small higher low in wave ‘ii’ by midweek,
and then wave ‘iii’ of (i) will push back into the 1800 area again.
This is about the most bullish count for gold right now,
so we we get a corrective higher low this week,
that will go a long way to confirming this larger bullish pattern.

Tomorrow;
watch for wave ‘i’ to complete and then a corrective decline in wave ‘ii’ into 1750 again by midweek.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The count in crude this evening is a variation of the same theme I have been working on lately.
The price is now rising in wave [v] of ‘3’.
And todays spike higher is labelled wave ‘iii’ of (iii) of [v].
This count allows for another few days rally to complete wave [v],
and we may even break the 81.00 level again by the time wave [v] completes.

Tomorrow;
The low at wave [iv] at 72.97 must hold for this count to remain valid.
watch for wave (iii) of [v] to continue higher and complete five waves up by midweek.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am looking at the possibility of a three wave correction higher in wave (ii) this evening.
The decline today is a thee wave pattern to a higher low.
this action suggests wave ‘b’ of (ii) at this evening lows.
And if this count is correct,
we will see a rally begin tomorrow in wave ‘c’ of (ii).
The target area between 4376 and 4400 seems likely in this scenario.

If the price declines and accelerates lower tomorrow instead of what I have suggested,
that will signal wave (iii) is already underway.

Tomorrow;
Watch for wave (ii) to complete with a rally back above 4376.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is in the process of tracing out a bullish impulse pattern higher off the wave [2] low created last week.
This pattern should create a higher low at wave (ii) as shown.
At the moment I am watching for a decline into the 22.00 area again in wave ‘c’ of (ii).
This should be followed by a sharp rally later in the week in wave (iii).

Tomorrow;
Watch for wave ‘c’ of (ii) to complete that higher low at about 22.00 again.