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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave ‘b’ has dropped to a new low to break the wave (b) triangle at 1.1285 today.
I can now view wave (ii) as a possible expanded flat correction.
As three waves down in wave ‘b’ pretty much confirms that.
Wave ‘c’ should move higher towards the wave ‘a’ high at 1.1359 again to complete wave (ii).

Tomorrow;
Watch for wave (‘c’ of (ii) to complete that expanded flat at 1.1285.
Then a decline into wave (iii) should begin.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has traced out an expanded flat also today.
This correction is viewed as wave ‘iv’ of (i) at the moment,
and wave ‘v’ should fall again tomorrow to complete wave (i).
And the initial target for that decline lies at 1.3374 at the previous wave (a) high.

Tomorrow;
Watch for wave ‘iv’ to complete below 1.3572 at wave ‘i’.
ideally wave ‘v’ will break that support at 1.3374 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The price is holding above the wave (b) low again today which is at least a positive signal for wave (c).
However I cannot confirm wave (c) is yet underway,
the action off the low has not developed into an impulsive form to indicate that a five wave rally is in play.
I will just have to wait and see if the price continues towards the target at 115.07 tomorrow.
After a three wave pattern in wave [b] is complete,
then I will look lower into wave [c] again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The bounce continues today and the price is holding above the wave [i] low at 33145.
At the moment the count is moving along quite well in wave [ii].
the price is moving higher in a three wave form so far.
and the higher low that formed this morning is viewed as wave (b) now in place.
As we hit the close this evening wave (c) is well underway and close to breaking above the wave (a) high.
A break of that level in wave (c) will hit the minimum target for wave (c).
Although I suspect we will see a rally into the 50% retracement area to complete wave [ii] overall.

Tomorrow;
The pattern in wave [ii] should be moving into its closing stages now.
So tomorrow I am looking for wave (c) to find a top close to 35000.
And then I will begin looking for a reversal pattern to build again down into wave [iii].

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The rally in wave [c] has developed into a five wave pattern with a break to a new high this afternoon.
So now we have a simple flat correction higher in wave ‘D’.

The corrective action over the last few sessions has traced out a triangle pattern at this mornings lows.
The price then spiked higher again this evening and broke out above the range of the triangle wave (iv).
And with that wave (v) is now confirmed.

This rally in wave [c] must complete below 1877.

Tomorrow;
Watch for wave (v) of [c] of ‘D’ to top out very soon.
Any drop back below 1827 again will signal wave [a] of ‘E’ has begun.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has trace out a three wave rally up off the wave [iv] low into to the high tonight.
I am not sure if this is wave [v] underway,
or if we are working on a larger wave [iv] green.
In that case todays lower high is only wave (b) of [iv]??
And wave (c) is left to fall back below 81.00 again.

For the moment I am holding with the idea that wave [v] is underway,
and if the price falls back below 83.00 tomorrow that will trigger the alternate count.

Tomorrow;
Watch for wave (iii) of [v] to continue higher to break to a new high above 87.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

We have a clear three wave pattern higher now in crude the S&P also.
The bounce off the low is a little more contained in the wider market today,
so I am sticking with the idea that this is only wave (iv) of [i].
A break of 4420 is the minimum target for wave ‘c’ of (iv) now.
The market must hold below 4580 at the wave (i) low for this count to remain valid.

Tomorrow;
Watch for wave (iv) to complete close to 4450 where wave ‘c’ reaches equality with wave ‘a’.
If the market does complete three waves up and then reverses impulsively again.
that will signal wave (v) of [i] has begun.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

A sideways move today is beginning to look corrective to the upside now.
and in this case,
I am labelling this move as wave ‘iv’ of (iii) of [i].
Wave (iii) should fall again tomorrow to complete five internal waves,
followed by a correction higher in wave (iv).
And we should see another step lower into wave (v) by the end of this week if all goes well here.

Tomorrow;
the pattern need to continue lower this week in order to hold with the count for wave [i] down.
Watch for wave ‘v’ of (iii) to turn lower again tomorrow.