Good evening to one and all.

The Lord’s Blessings to you all tonight.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has been pretty dead in the water today and I am tired of waiting for something to happen!
A sideways day in a very tight range does suggest the action is corrective here.
So I am expecting another spike higher to complete wave (v) by tomorrow evening.

There is a Fibonacci target emerging up at 1.0940 now.
Wave (v) of [i] will reach equality with wave (i) at 1.0940.
And if I take the same Fib grid and project it off the wave (ii) low,
the 261% extension gives us a target at 1.0940 also.
This may be just coincidence,
but I am going to watch that level as a possible target.

Tomorrow;
Wave (v) will likely push higher to top out the pattern.
So watch for this rally to complete before the end of this week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has corrected lower today also and I am looking at a topping process here also.
Except this top is forming in wave (c) of [b].
The top of wave [b] is now very close to hitting the 62% retracementof wave [a].
And the price seems to have failed below that level so far.
If the price does make a new high in wave [b] I do think it will be short lived.

Tomorrow;
Waiting for a correction to top out is a real lesson in patience.
The story tomorrow has not changed much.
If we see a five wave pattern complete in wave (c) that should be enough to complete this correction.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The pattern in USDJPY has achieved exactly nothing today!
The only take away from todays trade is that there is a correction ongoing here.
I am watching a possible wave (b) correction track sideways for the last few days.
The internal pattern of wave (b) blue is not exactly clear here yet.
And so I am showing another interpretation of this correction this evening.
The main point I can make this week is that the low at wave (4) must hold in order to stick with the bullish pattern.

Tomorrow;
Watch for wave (b) to complete a three wave internal correction higher before wave (c) turns lower again later in the week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The move lower yesterday has not been answered yet at least.
The action today is pretty quiet and the high at wave ‘ii’ remains unchallenged.
As long as wave ‘ii’ holds,
then I think we can continue to look lower into wave ‘1’ of ‘iii’ as shown.

The market action today has not offered us much to think about apart from that.
so it looks like we must wait another few days to get confirmation on wave ‘1’ of ‘iii’.

Tomorrow;
Watch for wave ‘1’ to continue lower to break the wave ‘b’ low at 32800 again.
If that happens,
then the probability of a wave ‘iii’ of (iii) acceleration lower will get a major boost.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

If wave ‘5’ of ‘v’ is going to trace out a three wave pattern as suggested on the hourly chart,
then the price must turn lower tomorrow and fall back into the lower trend line at 1850 again.
If this count is correct here for wave ‘v’,
then we should come to the end of this pattern by the end of this week.
At the moment there is nothing in the action to signal a bigger turn down is coming tomorrow,
even if I would prefer that!
But I am happy to let the noose tighten around this rally over the coming days to complete wave ‘v’ of (i) as shown.

Tomorrow;
Watch for one more correction and rally to complete three waves up in wave ‘5’ of ‘v’ of (i).

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am not satisfied that the action this week is indicating an immediate collapse into wave ‘i’ of (iii) yet.
The decline has stalled today and we are basically trading sideways since Friday now.
I am now looking at the larger wave (ii) idea this evening.
This pattern will allow for another drop in wave ‘b’ of (ii) to complete above 72.60.
And then a rally into wave ‘c’ of (ii) later in the week.
The minimu target for wave ‘c’ in this scenario lies at 77.00 again,
and 78.10 marks the 62% retracement level of wave (i).
That gives us a tight range for wave (ii) to compelte.

Tomorrow;
Watch for wave ‘b’ of (ii) to trace out three waves down and complete above 72.60.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

There is not a whole lot to report after a very lacklustre trade today.
I support that does fit the overall picture of a topping market that is making the slow but sure turn down into a long descent.
But my impatient nature is about done with the endless corrections over the last two weeks,
and I am itching to see wave ‘iii’ down take over the market.

The sharp drop off the wave ‘ii’ high is still holding in place today,
so the odds still favor the idea that wave ‘1’ of ‘iii’ is developing now.
That wave should trace out five waves down towards 3797 at the wave ‘b’ low at a minimum in order to confirmt he top is in for wave ‘ii’ and wave ‘iii’ down is really starting here.
So I am just going to have to wait for the action to lead the way here.

Tomorrow;
Watch for wave ‘ii’ to hold again at 3950.
Wave ‘1’ of ‘iii’ should continue to work its way lower as suggested.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

My plans have really been foiled today by a flat market across the board!
The pattern in wave ‘i’ of (iii) in not yet confirmed,
I need a drop below 23.10 to do that this week.
And until I see that happen,
then the top at wave ‘4’ is still not secure.
A further decline into wave (iii) down will do the trick so that is what I am watching for this week.

Tomorrow;
watch for wave (ii) to hold at 24.09.
Wave ‘i’ of (iii) should break the wave (i) low in order to confirm the short term pattern.