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

 



EURUSD.


EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.


The current count for wave [c] is starting to get stretched beyond its capabilities!
The price is still holding a higher low above wave [b],
and the action is a little more impulsive to the upside off that wave [b] low also.
On balance,
wave [c] is in play and we should see a rally back above 1.1500 to complete three waves up in wave ‘A’ over the coming few days.

Tomorrow;
Watch for wave [b] to hold above 1.1279.
WAve (iii) of [c] should begin tomorrow.


GBPUSD


GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.


I am looking at a possible expanded flat correction in wave [ii] after this weeks action.
Overall this will create a 3,3,5 structure in wave [ii].
Wave (b) should break above 1.3748 as shown.
And then a five wave decline into wave (c) over the coming week.

Tomorrow;
1.3486 must hold.
Watch for wave ‘3’ of ‘c’ to continue higher.


USDJPY.


USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.


I will admit that this pattern in wave [ii] is not ideal.
But at the moment it is the best fit for the action that is on that chart.

If this is wave (c) of [ii] now completing,
then wave (c) should complete five waves down in a possible ending diagonal as shown.

Tomorrow;
Watch for wave (C) to complete with a break of 114.13 and then we should see a turn higher into wave [iii] later in the week.


DOW JONES.


DOW 1hr.

DOW 4hr

DOW daily.


Take a look at the 4hr chart.
There is a real possibility that we have three waves down in wave (b) of [ii] into todays lows,
if that is correct,
then wave (c) should rally back above 35860 to complete wave [ii] over the next week.
That is the alternate count at the moment.

As for the main count.
We were looking for a further decline phase to begin in wave (iii) of [iii].
And so far that is now in play.

I do want to see a further push lower as wave [iii] fills out,
so that will require this pattern to accelerate lower this week as wave (iii) of [iii] completes.

Tomorrow;
Watch for a five wave pattern to continue lower in wave ‘v’ of (iii).
The market should hold below 34120 at wave ‘iv’ of (iii).


GOLD


GOLD 1hr.

GOLD 4hr.

GOLD daily.


No real sign that wave [ii] has begun yet this week.
the price has stalled and basically gone sideways over the last few sessions,
so maybe the turn will now come into wave (a) of [ii] as shown.

Tomorrow;
I want to see a drop back into 1844 again in wave (a) of [ii].
And a three wave decline to form a higher low in wave [ii] is the opportunity that I am looking for over the coming week.


CRUDE OIL.


CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.


On the 4hr chart you can see the overall five wave pattern higher in wave (5) that I has been working on.
This pattern seems to be topping out over the last three weeks.
And even though the geo political situation is pretty rough,
the price has basically ranged around 91.00
and even turned impulsive to the downside on occasion.

Overall,
I am still of the opinion that wave (5) of [C] of ‘b’ is topping out here.
And if this is correct,
then the next major move will be to the downside into wave [1] of ‘c’.

Tomorrow;
Watch for a five wave decline to break 87.50 to signal a turn is in play to begin wave ‘c’.


S&P 500.


S&P 500 1hr

S&P 500 4hr

S&P 500 daily.


The price has now created a series of three possible impulse waves to the downside.
Wave ‘i’ and ‘ii’ is now creating the final step down before a larger acceleration begins into wave (iii) of [iii].
This pattern is at a critical juncture now,
so if we do not see a big acceleration lower this week,
that will raise questions about the current bearish setup.

Tomorrow;
Watch for wave ‘ii’ to complete and wave ‘iii’ of (iii) to turn lower and break 4220.
a break of that level will confirm wave [iii] down is in play.


SILVER.


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SILVER 4hr.

SILVER daily.



I am still looking at the idea of a second wave lower high now completing here.
Wave [ii] must hold below 24.70,
and wave [iii] down now must begin to fall precipitously from here in order to save this pattern.

Tomorrow;
Watch for that critical high to hold at 24.70.
Wave [iii] down must now turn lower in a big way.


BITCOIN


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BITCOIN daily.


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FTSE 100.


FTSE 100 1hr.

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FTSE 100 daily.


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DAX.


DAX 1hr

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DAX daily.


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NASDAQ 100.


NASDAQ 1hr

NASDAQ 4hr.

NASDAQ daily.


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