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.

It’s another slow day in the currency markets today,
and the patterns have not advanced very much at all for that reason.
There is a hold on until tomorrow it seems as we get another cpi figure from the US I tomorrow.

there is a small fourth wave correction in place within wave (v) from yesterday.
The price is moving higher ever so slightly today off that wave ‘iv’ low.
There pattern is non existent at the moment,
but maybe we will get a shock back to life tomorrow and the pattern for wave (v) will finally reveal itself.

Tomorrow;
Watch for wave (v) blue to complete five waves up and then top out before the end of this week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Wave ‘iv’ of (c) has continued today and the reached another very slight new low this afternoon.
The price is expected to push higher to hit 1.2216 again in wave ‘v’ of (c) as shown.
And wave ‘v’ of (c) should complete the larger wave [b].
This pattern needs a large decline into wave [c] to begin next week.
As the decline off the wave ‘A’ top is not large enough at all yet to suggest wave ‘B’ is done here.
So there is much more work to do to complete wave ‘[c] of ‘B’ next week.

Tomorrow;
Watch for wave ‘v’ of (c) of [b] to push higher tomorrow.
If the price declines sharply without making a new high that will suggest wave [c] is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Todays action now suggests wave (b) is close to completion.
Wave ‘c’ of (b) did manage a new high to break wave ‘a’ today.
And this rules out the pattern I suggested last night.

The price broke 132.67 to hit the minimum target for wave ‘c’.
There is no confirmation of a top in place just yet the price has dropped sufficiently to signal that wave (c) is underway.
A break below the wave (a) low at 131.29 again will confirm wave (c) is underway.

Tomorrow;
Watch for wave ‘c’ of (b) to top out and reverse to begin wave (c).
Wave (c) should fall in five waves to break 131.29 at a minimum.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

You may notice that I stepped up the hourly pattern by one degree tonight,
this does not change the pattern,
and I am still waiting for a move down into a third of a third wave decline here.

Ok we got a false start earlier in the week with that spike to the downside.
The last two days have retraced all of that decline and now we have a very small new high this evening for wave ‘c’.
That rules out last nights hourly count,
and I will just have to wait for wave (c) to complete its pattern before looking lower again.
The internal pattern of wave ‘C’ has a five wave pattern in place again now.
And the market is holding below the 62% retracement level for now.
Maybe this rally in wave (c) will complete with a simple double top here.
If that does happen then we should see the initial reversal into wave ‘i’ of (iii) begin by Friday evening.

Tomorrow;
Watch for wave ‘c’ to top out its five wave pattern near the 62% retracement level of wave (i) at 34030.
A break of the 33000 level again will signal the top is in for wave (ii) again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A very slight new high was made today and a small spike lower to finish the session also.
I can’t read much into this action here.
The main problem with wave ‘5’ of ‘v’ is still evident today.
And that is the lack of a three wave internal pattern in wave ‘5’.
It is possible of course that this final wave is just stretching out its timeline,
and the three wave pattern will develop to complete the ending diagonal pattern latter next week.

The only way I can call a top here for wave ‘5’ of ‘v’ again is if the price breaks below the wave ‘4’ low at 1824 again.
So I will give this market the time it needs to finalize the rally and begin the expected correction ahead.

Tomorrow;
Lets see if this decline will fall in three waves to meet the lower trend line near 1850 again.
Then wave ‘5’ can make its last trek to complete three waves up at the upper trend line again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

A new count for wave (ii) again this evening as the internal pattern managed a rally into a new high today.
Wave ‘c’ of (ii) is now close to hitting the 62% retracement level of wave (i) at 78.00.
And wave ‘i’ of (iii) is postponed again until this correction completes.
The rally today has opened up another possibility for the internal pattern of wave (ii).
Wave ‘b’ may have a traced out a triangle over the last few sessions which did make the internal pattern hard to see to be honest.
If this pattern is correct then we have reached the top of wave (ii) again here.
The trend channel is now closed and I await the initial decline into wave ‘i’ of (iii).

Tomorrow;
Watch for wave (ii) to show signs of topping out and then wave ‘i’ of (iii) to begin with a drop back into the corrective range of the triangle.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is putting in a further rally this evening and wave ‘c’ is now well and truely extended.
I expect this rally to be retraced in short order though if this is wave ‘ii’ that I am tracking here.
To be honest, I cant read it any other way now.
The decline into wave ‘i’ is about a perfect as I could have asked for,
and the pattern that has developed off that wave ‘i’ low is corrective,
so it fits the bill as wave ‘ii’ of (iii).

As I look at the larger 4hr chart this evening,
the first though I have is that we are witnessing at a smaller degree replica of the (i) (ii) pattern that complete 2022.
despite all the pomp and cheerleading about that wave (ii) high,
it proved corrective,
and half of the rally in wave (ii) was wiped out in a few days.

the action in wave ‘ii’ should resove itself in a similar fashion before this week ends.
That is,
a new decline to begin wave ‘iii’ is immenent here.
And this one has potential to shock the market as wave ‘iii’ of (iii) takes over.

tomorrow;
Wave ‘ii’ has now pushed into the danger zone for so many corrective rallies.
That is the grey zone between the 50% and 62% Fib retracement levels.
I will wait to see if wave ‘c’ can top out this pattern tomorrow.
I remain hopeful that wave ‘iii’ can start before the close of this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The drop in silver today was encouraging as a possible wave ‘iii’ of (iii) candidate.
And that is still a possibility here,
so I have included this as the alternate count tonight.

At the moment I am slightly more compelled by the larger wave (ii) idea.
In this scenario,
todays drop off is completeing a three wave decline in wave ‘b’.
And wave ‘c’ will push higher towards 24.10 again by tomorrow eveing.

Tomorrow;
A break below 23.00 again will favor the alternate count again in wave (iii) of [i].

Watch for wave ‘c’ of (ii) to push higher again and reach the initial target level at 24.10 again.