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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is just chugging along this week without much to show for it really.
This action off the low is welcome in terms of the wave count,
but it is not enough to confirm that wave [c] is underway yet.
I wat to see a clear impulsive higher low in place above 1.1280 by the end of the week.
this will be a good sign wave (iii) of [c] will come in next week.

Tomorrow;
Watch for wave (i) and (ii) to form that bullish higher low maybe even by tomorrow evening.
1.1280 must hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

It is a similar story for cable tonight.
While the internal pattern in wave ‘b’ is still playing out,
the price action has not confirmed that count yet either.
Wave ‘c’ of (b) must break above 1.3630 again at a minimum to complete three waves up.
And then I will be looking for a full retracement of wave the whole wave (b) rally next week.

Tomorrow;
Watch for wave ‘c’ to continue higher in five waves towards 1.3700 over the next few sessions.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

After a three wave rise into wave ‘ii’ this week,
now we have a three wave decline off the wave ‘ii’ high.
This is not very encouraging for wave ‘iii’ to be honest.
I want to see a sharp spike lower to to break 115.00 again to be more sure that wave ‘iii’ is in play.
At the moment,
there is a chance that wave ‘ii’ will develop into a larger flat pattern to complete another lower high below 116.35 before Friday.

Tomorrow;
Watch for wave ‘iii’ of (c) to fall back below 115.00 again.
Wave (c) should hit the 114.13 low again to complete the flat correction pattern.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The correction in wave (ii) seems to be moving towards a larger pattern todays also.
the decline off Tuesdays high is not looking impulsive to be honest.
So tonight I am looking at the idea of a larger 5,3,5 zigzag pattern in play.
This will carry the market back above 35150 again in wave ‘c’ as shown.
The 62% retracement level of wave (i) lies at 35266,
so that is a reasonable target for a three wave correction in wave (ii) to complete.

Tomorrow;
Watch for wave ‘c’ to trace out five waves up and complete that bearish lower high near 35266 and below 35860.

If the price does accelerate to the downside again and breaks below 34200,
that will signal wave (iii) is already underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is now a pretty exciting market as far as I’m concerned.
If this pattern is correct on the short term chart,
then we are looking into a pretty large acceleration phase coming our way in wave [iii] of ‘1’ of (5).
So the level we are trading at right now may well prove to be the ground floor of the rally to come.
It would be good for wave [ii] to create a nice retracement back into 1820 again to clear the way ahead.
So I am looking for wave (c) of [ii] to kick off tomorrow and fall in five waves into that area again.

Tomorrow;
Watch for wave (b) to top out a three wave retracement.
And wave (c) to fall back in five waves again by Fridays close.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has held below the recent top again today
so there is again another chance to create a bearish pattern off the top.

It is a very sensitive market to the news out of Ukraine these days,
so the patterns can be ruined pretty quickly on one bad headline,
and there are so many ‘bad’ headlines this week!
apparently Russia now tells cnn the exact time its going to invade a country!
So that’s handy eh!

The manipulation in this regard is just breath-taking!

Tomorrow;
Back to the patterns.
I am being forced into a position of patience here to see if this [i] [ii] pattern holds
and then develops into a third wave down as suggested.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has not moved into another five wave decline today,
so I am now looking at the larger wave (ii) scenario here also.
I would like to see wave (ii) complete tomorrow,
that way would allow for a spike lower to begin wave (iii) to happen on Friday.
And that would complete the week on a down wave,
with potential for an acceleration lower early next week.

Tomorrow;
Watch for three waves up to complete wave (ii) below 4590.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

So many markets are sitting on the verge of a third wave decline this week!
And silver is no exception now.
The decline on Tuesday is quite impulsive looking.
and this can easily take the wave (i) label.
The market is working on a corrective lower high in wave (ii) right now,
and wave (ii) is not yet finished.
I would like to see a sharp drop below 22.84 again to begin wave (iii) by Fridays evening.

Tomorrow;
Watch for wave ‘i’ of (iii) to fall in five waves again tomorrow.
23.97 must hold in this scenario.