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 traded flat today and we end the session right where we started this morning.
This main count does not chance as a result.
There is nothing to suggest wave [i] is going to turn higher on Monday,
so I am sticking with the idea that wave [i] is complete at 1.0735.
And the sharp decline yesterday is the beginning of wave ‘i’ of (a) as shown.

Monday;
Watch for wave (a) to drop in five waves towards the target at 1.0222 early next week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The action in cable is equally as dead today,
but I can make out a possible triangle pattern developing in that ranging trade today.
I have changed the pattern for wave (a) down tonight because that triangle is most likely wave ‘b’ of a three wave decline.
Wave (a) should fall towards the same target area even with the change in pattern,
So I am expecting a further decline early next week to complete this three wave decline.

Monday;
Watch for wave ‘b’ to complete the triangle below 1.2120.
Wave ‘c’ should then fall towards 1.1950 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The price has fallen far enough today to suggest that wave (c) is actually complete at 138.16.
That completes three waves up in wave [a],
and so the decline today is viewed as wave (a) of [b].
Wave [b] where wave [b] will trace out a three wave pattern lower to form a higher low near 135.00 again.

If the price rallies again on Monday then I will have to consider the idea that wave [c] is already underway as shown by the alternate count.

Monday;
Watch for wave [b] to continue lower and trace out three waves down over the first half of next week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I think the Dow has done enough to consider wave ‘3’ of ‘i’ complete at todays lows.
The market has rebounded off the lows slightly as we hit the close this evening.
So wave ‘4’ of ‘i’ may well be underway off that low.
A correction in wave ‘4’ should be followed by a further decline into wave ‘5’ of ‘i’ early next week.
A break of 32400 again will signal wave ‘i’ is complete,
and then we can look for wave ‘ii’ to get going to form a corrective lower high by Wednesday evening.

There is also a possibility that wave ‘i’ is now very close to complete.
And if we see a larger correction higher towards 33500 on Monday,
that will signal wave ‘ii’ is already underway.

Monday;
Watch for wave ‘i’ to complete with another step lower in wave ‘4’ and ‘5’ black.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The rise in gold today better fits a correction higher in wave ‘b’ now.
The initial decline off the top in gold traced out three waves down.
And the price broke below the previous wave ‘4’ low brfore turning higher.
So the action is following a possible flat correction pattern now.
This does suggest another drop in wave ‘c’ next week.
and I still think the low at 1720 is well within reach here.

I may even be a little too conservative here for wave (ii) tonight!

There is a chance that this decline is only wave ‘a’ of ‘a’ of (ii).
In that alternate scenario the correction in wave (ii) will be more complex and deeper than I have shown on the main count.

Monday;
Watch for wave ‘b’ to complete a lower high by Monday evening.
A drop back below 1773 again will signal wave ‘c’ is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The drop back off wave (ii) is now beginning to look more impulsive after todays action.
So I am going to stick with the idea that this is wave ‘i’ and ‘ii’ of (iii) now underway.
WAve ‘ii’ can still hold onto the price for another day if the pattern drags out and becomes more complex.
Because of that I am not going to be dogmatic on an immediate decline on Monday morning to begin wave ‘iii’ of (iii).
Lets wait and see on that front.

Also,
I am not ruling out the alternate count here yet either.
I have shown that alternate count in more detail tonight.
this involves a larger rally in wave (c) of [ii] with a target above 83.00 again.
If the price breaks back above 77.80 again at this weeks high,
that will favor the alternate count.

Tomorrow;
Watch for wave ‘ii’ to hold below 77.82 on Monday and complete a corrective lower high.
Wave ‘iii’ of (iii) should begin next week if the main count is correct.
A break of 70.29 again will signal wave ‘iii’ of (iii) is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market made a new low for the week today and with that I am looking at the idea that wave ‘3’ of ‘i’ is now complete.
The price has bounced off the session lows this evening,
and because of that wave ‘4’ of ‘i’ may have started now.
I am looking for wave ‘4’ of ‘i’ to hold below that left shoulder formed by the triangle in wave ‘4’ early this week.
So 3920 should form resistance to this correction higher.
and wave ‘5’ of ‘i’ must then turn lower again towards that target area at 3744 again.
A break below 3690 again would be ideal here.
If this count is correct here,
then next week will bring more downside and a further break of support to complete wave ‘i’.

Tomorrow;
Watch for wave ‘i’ down to complete early next week with one more step lower in wave ‘4’ and ‘5’ black as shown.
A break of the wave ‘b’ low at 3690 again will be a big boost to my bearish outlook.
If that does not happen in wave ‘i’ pink next week,
then it will happen in wave ‘iii’ of (iii) the following week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Its been a pretty repetitive pattern tonight I know,
but I am looking at a possible ‘i’ ‘ii’ pattern now in place for silver this evening.
The rally in wave ‘ii’ this afternoon is looking very suspect to be honest.
It actually looks like program trading in the hourly bars.
humans are rarely this calculated in their actions!

Anyway,
if this is wave ‘ii’ of (i) now in place,
then we should expect a turn lower into wave (iii) next week.
The way is clear on the 4hr chart for a major turn lower.
this has been suggested by the momentum divergence for a few weeks now,
so we are standing at the door of a solid decline in silver over the coming month at least.

Monday;
Watch for wave ‘ii’ of (i) to complete early on Monday very close by the current price.
I want to see a break of 22.00 again in wave ‘iii’ of (i).
and if that happens,
then this pattern gets a major boost in my book.