Good evening to you all, and may the Lord bless you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The corrective move continues today in EURUSD.
So far the price has failed to break 1.1285 but if the current count is correct
then we will see that happen on Monday.

Todays action is viewed as wave ‘iv’ of (i),
with wave ‘v’ down left to come.

Monday;
Watch for this five wave pattern in wave (i) to complete with a break of 1.1285 again.
next week should bring a corrective lower high in wave (ii) as shown.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable turned lower today again after completing three waves up in wave ‘ii’.
The price broke the wave ‘i’ low at 1.3573,
and now this action suggests wave ‘iii’ down has begun.
We need to see further downside action next week to confirm the larger pattern here,
but I do think we will see that larger five wave pattern complete wave (i) by the end of next week.

Tomorrow;
Watch for wave ‘iii’ of (i) to continue lower again in five waves.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

B waves are synonymous with tricky and convoluted structures!
And this one is a real doozey for sure.
WAve (b) has now fallen back into the previous low at wave [a] again.
I still expect a rally again in wave (c) over the coming days to top out above 115.00.
At the moment this pattern in wave [b] green can be viewed as a zigzag,
but if we break the low at 113.47,
that will suggest a flat correction is underway.
I will just have to wait and see now.
either way,
I think we need another rally to complete a three wave correction in wave [b] before turning lower into wave [c] next week.

Monday’;
Watch for wave (b) to hold above 113.47.
Wave (c) should reach above 115.07 to complete wave [b].

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Taking out that previous fourth wave low is a serious vote in favor of a top now in place.
AS we move forward in this pattern now we do have a few more important lows just below us now.
These levels mark the wave (c) low of the triangle at 33949,
and the wave (a) low of the same triangle wave [iv] at 33618.
The idea of a wave [i] decline will get a great boost and maybe even be confirmed with a break of those support levels.
That is where I am focused on next week.
If wave [i] does not break them levels,
then wave [iii] will slice through them with ease!

Monday;
As I build a case for another impulsive decline to mark the top of the greatest top of all time,
these support levels are increasingly important.
Lets see if the market is freaked out enough to break support and complete a clear five wave pattern lower in wave [i].

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

If gold is now moving off this three wave high at wave ‘D’ finally,
then wave ‘E’ should fall into about 1780 again to complete over the next few weeks.

Wave [a] of ‘E’ is now underway,
and this wave should trace out at least three waves down as shown.
And I am looking at the previous wave (b) to offer support to this initial move lower.

Monday;
Watch for wave [a] to continue lower and confirm the turn into wave ‘E’ by the end of the week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is finally on course for this reversal into wave [iv] after a long rally into wave [iii].
I am looking at at least a three wave decline into wave [iv],
but this count could easily drag on a while into a triangle pattern also.
It will take a week at least to figure out which pattern is more likely.

Monday;
Watch for wave (b) to hold below the recent highs at 86.98.
Wave (c) down should reverse lower again and hit the 80 handle again by the end of next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is ending the week with a solid break of initial support at 4494 and I am taking that as a plus in my book!
This action is welcome indeed,
but we have not yet confirmed the top is in place.
So far the price has fallen in three waves off the top.
I am counting this as an ongoing impulsive five wave structure to the downside.
But I would like to see a full five wave decline break the previous wave (iv) low at 4269.

If that does not happen,
then I would like to see wave [i] down at least challenge that level before turning higher into wave [ii].

Monday;
The short term pattern is pointing to an ongoing wave ‘iii’ of (iii) as shown.
In this case we will see a wave ‘iii’ make a new low on Monday before correcting higher into wave ‘iv’ by the end of the week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

There is not much to go on today as the market is holding onto the gains this week.
Wave ‘B’ is still a solid three wave pattern higher even with the extended nature of the rally this week.
But I do want to see a reversal lower next week to confirm wave ‘C’ has begun.
the first thing that needs to happen is a drop back into the wave (iv) low at 22.80 again.
A break of that level will be a good sign that a larger decline is coming our way.

Monday;
watch for wave [i] down break back under the wave [A] high at 23.41 at a minimum.