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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD hit the high at wave [iv] within a pip today!
And now we see a a reaction lower off that level again
This is an indication that wave [a] is running out of steam now,
I cant confirm that wave [b] has begun yet,
but I do expect Monday will begin a three wave decline into wave [b] as suggested.

Monday;
If the high at 1.1483 holds,
then it is more likely that wave (a) of [b] is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has returned lower today in line with the main wave count.
My doubts still stand regarding the main count and the possibility of a shift towards the alternate count on the daily chart.
But for the moment,
at least I can allow this main count play out for another few more days.

Monday;
Watch for wave ‘i’ of (iii) to continue lower and trace out five wave down towards 1.3358.
A break of that level will suggest wave (iii) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A three wave rally to a slight lower high is still labelled a correction in wave (ii) this evening.
The price is a little too close to the wave [b] high now.
And I do want to see an immediate drop into wave (iii) of [c] on Monday that will confirm this count.
The alternate count will take over if we see a break above 115.68.

Tomorrow;
Watch for wave (iii) of [c] to take over and break below 114.13.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The action today is possible to label as a completed impulse wave down off the wave [ii] high.
At least the action is in line with the wave count right now.
And if this is correct,
then we should see a larger degree wave (i) continue lower on Monday with a target at the previous wave (b) low at 33730 again.
If that happens,
then this market has the potential to really get exciting again to the downside at the end of next week as a possible wave (iii) of [iii] is on the cards.

Monday;
watch for wave [ii] to hold at 35718.
Wave ‘ii’ should complete below that level.
Wave ‘iii’ down should fall below 34400 again at a minimum.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has created a possible top for wave [b] at todays high.
The price failed to break the 50% retracement level of wave [a],
but todays high at 1814.90 is far enough to consider the correction complete right now.

The price then spiked lower to hit 1795 again this afternoon,
that move is viewed as wave (i) of [c].
And wave [c] should continue lower early next week to break 1780 at a minimum.

Monday;
Watch for wave [b] to hold at 1814.
Wave (iii) should fall early on Monday morning.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has really outdone itself this week,
and in a few short sessions the price has almost reached the initial target where wave ‘5’ and ‘1’ reach equality.
That level lies at 92.45.
and todays high came in at 91.90 so far.
There is a small decline as we approach the close tonight,
but nothing to suggest that wave ‘5’ is complete here yet.
Only a sharp reversal to break 85.96 at wave [iv] again will do that.

Monday;
Watch for wave ‘5’ to reach a final high early next week.
Ideally the price will hit 92.45 and then reverse sharply.
I think we will see the initial declines to reverse this trend next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

There is a possible ‘i’ ‘ii’ pattern in play off the top at wave [ii] today also.
The pattern is a little messy at the moment,
so I will be happy to let this one clear up on Monday to see if the decline continues into a third wave as shown.
Overall I would like to see a solid five wave pattern lower over the coming few days
and a break of the wave (b) low at 4274 to confirm that wave (i) down is underway.

Monday;
I need more evidence to build next week to reinforce the idea that we are actually changing trend here now.
So I want five waves down in wave (i) to complete by midweek.
Watch for wave ‘iii’ of (i) to begin early on Monday.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver did spike lower quite hard today also so I am working on the idea that wave [ii] may have completed as a running flat
rather than an expanded flat as suggested last night.
If this is the case,
Then wave (i) and (ii) may now be complete
then we should see a sharp decline again next week into wave (iii) of [iii].

Monday;
Watch for wave (ii) to hold at 22.65.
Wave (iii) down will be confirmed with a break of 22.00 again.