Good evening to one and all.

The Lord’s Blessing’s to you all again tonight.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A small corrective lower high is forming below the top at wave [i] now.
I am going to call this wave ‘a’ and ‘b’ of wave ‘a’ pink.
This is a moving target as they say,
as there is just not enough action to be sure anout a top yet in wave [i].
So I will again have to wait for more confirming price action tomorrow to be more confident on this count.

Tomorrow;
Watch for wave ‘a’ pink to trace out three waves down and break below 1.0700 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The high at 1.2434 is holding again today but just like eurusd I cannot confirm that wave (i) of [c] is underway yet.
1.2080 is the key level for this reversal into wave [c].
A break of that wave (b) low will pretty much confirm wave [c],
and if that decline traced out five waves down as suggested in wave (i) of [c],
then we can look forward to a larger downtrend taking hold next week.

Tomorrow;
Watch for wave [b] to hold at 1.2434.
Wave (i) must continue lower as suggested.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

At this weeks lows USDJPY has now retraced 50% exactly of the rally that occurred off the wave [B] low in December 2020 at 1.0250.
USDJPY rallied for 20 months into last Octobers highs at 151 and change.
I remember calling for a rally above 125.00,
and there was not a single USD bull out there.

But now we have seen a very hard slam in the USD and now we are in a similar positio,
Usd bulls are few, and far between.
And all the world can seem to see is declines for miles!

Again,
I beg to differ here.
There is a USD rally coming.
We have three waves down in place.
The main thing that I am looking for is a sustainable higher low.
and that has been the problem over the last few weeks.

Tomorrow;
At the moment I am not convinced of the pattern off last weeks lows at 127.21.
The rally is in three waves,
And the reversal is pretty sharp also this week.
I am forced to wait and see how the short term action develops over the next few sessions to see if that low holds at wave (4).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

It is possible that we have a low in place for wave ‘i’ now as the market has retraced back into the price territory of the previous wave ‘b’ correction.
But tonight I am giving the market the benefit of the doubt here.
There is still a reasonable chance that we see a break of that wave ‘b’ low at 32800 again.
The recovery off the lows this evening is corrective looking so far.
I have labelled this as wave ‘4’ of ‘i’.
With wave ‘5’ of ‘i’ left to break to a new low below 32800 again.
Once that completes,
then I will look for a correction higher to begin in wave ‘ii’ pink.

Tomorrow;
Watch for wave ‘4’ to hold in a corrective form.
Wave ‘5’ of ‘i’ should then turn lower to break 32800 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The pattern in wave [i] has life left in it yet it seems.
The price broke to a new high for this rally again this evening.
I am going to continue with this ending diagonal pattern in wave (v)
as I think it best explains the contineous overlap within the rally and declining momentum that we can see also.
The pattern has not given me anything substantial to work with on the downside yet,
so I will have to wait until next week now for another chance at a correction in wave [ii].

Tomorrow;
Lets see if wave ‘v’ of (v) can complete as a three wave pattern also to close out this interpretation of the wave count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Watching for signs of an impulsive reversal off a corrective high in crude oil also tonight.
If the high at wave [ii] is now in,
then wave ‘i’ formed the initial decline yesterday.
and now wave ‘ii’ is completing a lower high this evening.
An acceleration lower into wave ‘iii’ is what I want to see to confirm this count.
That could happen tomorrow with a break of 78.50 again.

Tomorrow;
WAtch for the high at wave [ii] to hold at 82.60.
Wave ‘iii’ must turn lower and break back below the 78.00 at a minimum.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The decline in the S&P this week is now the largest impulsive decline since the end of wave ‘i’ last December 22nd.
I am hopeful this weeks reversal is large enough to turn the tide into wave ‘iii’ of (iii).
So far the initial decline off the wave ‘ii’ high is not as impressive as the Dow,
so I will have to be a little more patient yet it seems.

I want to see a break of the 3797 level at wave ‘b’ to convince me that wave ‘iii’ is underway.

Tomorrow;
The small corrective rise this afternoon is in three waves.
So I want wave ‘1’ to turn lower again tomorrow and complete five waves down with a rbeak of wave ‘b’ support possibly by Monday evening.

The high at wave ‘ii’ must hold from now on as this bearish pattern develops.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has created another five wave decline into todays lows without breaking to a new low below wave (i) yet.
The action is looking favorable to begin wave (iii) now,
but I don’t have confirmation on that yet until support breaks at wave (i).

The rally today is now viewed as wave ‘ii’ of (iii).
And the highs of the session have brought us back above the 50% retracement level of wave ‘i’ again.
So I am looking for wave ‘ii’ to top out again soon.
Wave ‘iii’ of (iii) should bring a large acceleration lower next week if this count proves correct.