Good evening to one and all.

The LORD’s blessings to you all tonight.

US Home Prices Declined For 3rd Straight Month In September

Did European Inflation Just Peak?

https://twitter.com/bullwavesreal

EURUSD.

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EURUSD daily.

After some reasonable progress made yesterday EURUSD has gone to sleep today!
I suspect we are in the mddle of tracing out three waves down in wave ‘a’ of (iv).
That would explain the stall in progress today.
If this is correct,
then we should see a drop into wave ‘c’ of ‘a’ tomorrow that will hit the 1.02 area near wave ‘iv’ pink.

Tomorrow;
Watch for wave ‘b’ to complete a small three wave correction sideways and then drop into wave ‘c’ as shown.
The wave (iii) high at 1.0497 must continue to hold.

GBPUSD

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Cable is stuck in a similar bind tonight as the price has not launched into that final wave up yet.
there was a small rally off the wave ‘iv’ low earlier today,
and the price is continuing to hold above the wave ‘iv’ low at 1.1940 again today.
So there is a little hope that wave ‘v’ can turn higher again.

But I am prepared for a failure of this final leg up to indicate the top of wave ‘A’ is in.
A break below 1.1940 again will suggest wave [a] of ‘B’ is underway.
And a break of 1.1761 again will confirm the pattern.

Tomorrow;
Watch for wave ‘v’ to make that final bounce towards 1.2150 again to complete this pattern.
1.1940 should hold,
but a break of that level will indicate that wave ‘A’ is already complete.

USDJPY.

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USDJPY daily.

The initial bounce off the wave ‘A’ low in USDJPY has stalled also tonight.
I am looking for at least three waves up in wave (a) of [a] over the coming days.
And then a decline into wave [b] should begin.
But at the moment it is a waiting game to see if this pattern continues higher or not.

Tomorrow;
Watch for wave (a) to trace out three waves up to about 140.00 to complete the first leg up in this pattern.

DOW JONES.

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There appears to be a small five wave pattern in place off the high at the session lows.
I can’t confirm the top is in by this pattern,
but it is something to work with at least.
I have given up on the initial target for wave ‘1’ of ‘i’ at 33150.
It seems that level is a stretch too far for this wave.

This move needs to progress to the downside over the coming days in order to signal the top is in for wave [ii].

Tomorrow;
The wave ‘2’ correction higher will be a small wave with a bit of luck.
And I would like to see wave ‘3’ of ‘i’ extend the declines to break below 33000 again in the next few days.

It may be too much to ask for a complete five wave decline in wave ‘i’ pink by the end of the week.
But I remain hopeful!

GOLD

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There is a small chance that wave ‘b’ of (ii) is actually a triangle correction as shown by the trend lines,
rather than a simple three wave pattern as I have shown.
The contracting price action over the last few sessions is a hint at a triangle.

Both interpretations are valid at the moment.
And both patterns allow for further declines into wave ‘c’ of (ii) as shown.

Tomorrow;
the key level for both counts lies at 1763.70 at the high of wave ‘b’.
This level should hold even if the triangle pattern is correct for wave ‘b’.

Watch for wave ‘3’ of ‘c’ to continue lower and complete five waves down as shown.
the initial target for wave ‘c’ lies at 1724.

CRUDE OIL.

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Crude seems to have completed three waves up in wave (a) at todays highs.
If this is correct,
then this correction is moving along quicker than I initially thought.

Three waves down to a higher low is wave (b) is now in play.
and wave ‘a’ of (b) is already done at todays lows.
The price should be complete as a three wave decline in wave (b) by Thursday evening at this pace.
And then a rally in wave (c) will begin on Friday.

Lets see how it goes,
but we can say so far so good at the moment.

Tomorrow;
Watch for wave (b) to complete three waves down above the wave [i] low.
The wave (a) high should hold at 79.65 tomorrow if this count is correct.

S&P 500.

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The idea that wave ‘1’ of ‘i’ is now in place is a possiblity in the S&P also.
I am a little dissapointed that the inital target for wave ‘1’ was not hit,
that is the previous wave ‘4’ low at 3903.

Maybe we will see that level break tomorrow,
but for the moment the pattern off the high is close to five waves down.
So the possibility is there for a reversal pattern in the making for sure.

Tomorrow;
The high at wave (ii) must continue to hold.
Watch for wave ‘1’ and ‘2’ to complete a lower high below 4000 again by tomorrow evening.
And then we can look forward to a sharp acceleration lower into wave ‘3’ before the end of this week.

SILVER.

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I am stuck between a rock and a hard place in this pattern.
Monday’s decline did not develop into a five wave decline yet,
and that does open up the possibility of a larger correction pattern in wave [ii] as shown.
I have switched to that pattern as the main count tonight.

Even so,
the rally has stalled in wave (c) of [ii] today.
And because of that,
there is still a chance that wave (i) down will take over and break below 20.56 again to switch the pattern back again tomorrow.
I would like to see that happen,
but for the moment I will stick with the larger correction idea and see where that leads.

Tomorrow;
Watch for wave [ii] to complete a correctoin to a lower high as shown.
Wave (c) of [ii] should complete with a break of 21.66 again and then reverse lower into wave [iii] down.