Good evening to one and all.

The Lord’s Blessings to you all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD made a small recovery overnight and this morning and at least for the moment the high at wave ‘b’ is holding.
The action today looks corrective to the upside,
and I have labelled this as wave ‘2’ of ‘c’ of (iv).
If this count is correct we will see a more sustained decline into wave ‘3’ of ‘c’ over the coming few sessions.
With the minimum target for wave ‘c’ at the wave ‘a’ low of 1.0222.
If that happens,
we will be well on the way to completing the larger wave (iv) correction.
and then we can setup for a rally in wave (v) next week.

Tomorrow;
The high of the session at wave ‘2’ lies at 1.0532.
This level must hold as wave ‘3’ develops to the downside.
WAve ‘3’ should find support near the wave ‘b’ low at 1.0290.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The decline in cable is following a three wave pattern lower so far.
This action is suggesting that wave (a) will be a three wave pattern.
I am looking for a larger decline in wave (a) though,
so wave ‘c’ of (a) must make further progress over the coming few sessions.
A break of the wave (iv) low would be ideal,
but I would like to see a low in wave (a) near the 1.20 level at least.

Tomorrow;
Three waves down must complete in wave (a) soon.
Watch for wave ‘c’ of (a) to continue down tomorrow with support at the wave (iv) low of 1.1899.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has turned lower today off the wave (a) high,
he internal pattern of wave ‘c’ of wave (a) is in five waves,
so I am fairly confident that we have a top in place for wave (a) now.
The pattern is now suggesting a three wave decline to a higher low in wave (b).
and I have labelled wave ‘a’ abd ‘b’ already underway here.
One more spike lower to around 135.50 will complete wave ‘c’ of (b).
And then I will look for wave (c) to turn higher on Friday again.

Tomorrow;
Three waves down should complete near 135.50.
The price must hold a higher low above 133.63 as wave (b) completes.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow took another step lower today and hit the first level of support within the previous wave ‘v’ rally.
Wave ‘4’ has held the decline this evening,
but I want the decline to continue tomorrow and for the rest of the week to be honest
in order to give this reversal pattern a chance to develop into a five wave pattern lower.
We are not there yet as you can see from tonight’s chart.
A break below the previous wave ‘2’ level at 33140 will give this pattern a boost for sure.
So I am going to remain very cautious on my outlook here until we make sufficient progress towards that five wave decline in wave ‘i’ pink.

Tomorrow;
Watch for wave ‘3’ of ‘i’ to continue lower and break the next support at 33140 before any correction begins in wave ‘4’.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A three wave correction higher to create a lower high is in place this evening,
and with that I can suggest that a bearish impulse wave is now in place off the wave ‘b’ high at 1809.
If wave ‘2’ of ‘c’ is now in place,
then wave ‘3’ is set to accelerate lower over the coming few sessions.
A reasonable taregt for wave ‘3’ of ‘c’ lies at the wave ‘b’ low of 1740 again.
We will see if the price will follow this model tomorrow of course,
The price has dropped back off the wave ‘2’ high this evening,
so this action does signal a possible turn underway.

Tomorrow;
Watch for wave ‘2’ to hold at 1780.
Wave ‘3’ down should continue lower in five waves and find support near 1739 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude actually managed a double bottom today with wave [i] green,
and I think we have a reasonable five wave decline now complete in wave (i) of [iii].
This pattern suggests we are about to see a correction higher into wave (ii) over the coming week.
A three wave correction in wave (ii) should carry the price back towards the 80.00 level again.
I am suggesting a target in the price range of wave (b) between 77.14 and 79.72.

This new low today has not ruled out the alternate count yet,
so we can continue to track that possibility also.
This alternate count is calling for a rally in wave (c) towards 84.00 again.

Tomorrow;
Wave (i) should find a low very soon if that low is not already in place.
Watch for wave ‘a’ of (ii) push up towards the 76.00 again to begin wave (ii).

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is holding just above support at the wave ‘4’ low this evening.
The price did break 3934 at the lows today,
but the market rebounded off the lows as the close came.

I do not see a five wave decline in place off the top yet in wave ‘i’.
I dont even think we have a completed three wave decline to call wave ‘3’ of ‘i’ complete.
So I want to see more downside tomorrow to at least give this bearish count a chance at establishing itself.
I am looking for wave ‘3’ of ‘i’ to break below the wave ‘1’ high at 3859 to complete.
And if that happens,
then we can talk about the lower target for wave ‘i’,
and maybe a challenge of the wave ‘b’ low at 3690 again.

Tomorrow;
Watch for wave ‘3’ to trace out a five wave internal pattern and break below the support band between wave ‘4’ and wave ‘1’ at 3859 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I think we have a five wave pattern in place off the highs at 23.50 now.
But this decline is not as large as I would like to see in wave (i).

I was suggesting a break of the wave (iv) low to compelte wave (i) down.
But unless we see a large extension lower tomorrow,
then that idea will not happen.
I will have to wait for wave (iii) of [i] to break below that triangle correction again to confirm that wave ‘5’ down has begun.
The action may not be satisfactory in terms of the target lows for wave (i).
but we do have a five wave decline off the top now,
and that is definitely a pattern I can work with now.

Tomorrow;
Watch for wave (i) to complete soon.
Wave (ii) should be an obviously corrective move higher towards the 22.60 area at the previous wave ‘iv’ high.