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.

EURUSD is making progress lower today without an impulsive decline.
The price is holding at the lows of wave ‘a’ tonight.

Wave ‘c’ has not been confirmed yet though,
todays action has traced out three waves down so far.
So,
there is still a chance that wave ‘b’ pink is in control here.
If we see another run up to 1.08 again on Monday that will suggest wave ‘b’ has traced a larger flat correction,
and then wave ‘c’ will be ready to move lower again.

Monday;
Watch for wave ‘c’ to continue lower in five waves.
The early action must turn lower to confirm wave ‘c’.
And the high at wave ‘b’ must hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The action in cable has not confirmed the main pattern here either.
While the price has declines,
there is just not enough to signal wave ‘i’ of (iii) is in play here.

The decline off wave (ii) is in three waves,
and that does leave the door open for that alternate wave (ii) in red.

I would like to see an early decline on Monday to break wave (i) at 1.1960 to signal wave (iii) is underway.
A break above 1.2195 will trigger that alternate wave (ii) scenario.

Monday;
Watch for wave ‘i’ of (iii) to push lower and break the wave (i) low at 1.1960 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A break lower overnight did trigger that larger wave ‘ii’ scenario I spoke about,
As soon as the price hit the 62% retracement level we saw an equal bounce off that new low to signal wave ‘ii’ is now done.
The price is now holding above the wave ‘ii’ high and I am looking for a new acceleration higher to confirm wave ‘iii’ of (iii) is underway.

Monday;
Watch for wave ‘iii’ to be confirmed with a break above 132.89 again at the wave ‘i’ high.
If wave ‘iii’ is now in play here,
then we should see a pretty powerful move higher next week.
A break above wave ‘i’ again will be the signal we are looking for.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another day stuck in the range for the Dow I’m afraid.
And with that I am switching to an alternate count for wave (ii) this evening.
The main difference for wave ‘c’ of (ii) is a truncated fifth wave in that ending diagonal pattern.
If we look at the pattern this way,
then the pattern off the top of wave (ii) is much clearer as a nice impulsive decline.
And todays small rebound can be viewed as wave ‘2’ of ‘i’ of (iii).

If this count is correct here,
then we have a nice ‘1’ ‘1’ pattern in place off the top of wave (ii).
And a real possibility that wave ‘i’ of (iii) will continue lower on Monday
to complete five waves down out of the recent correction in wave (ii).

Monday;
It is early days for this new pattern,
so I am going to have to give it a day or so to either confirm or invalidate the move into wave (iii).
Watch for wave ‘i’ down to continue lower in five waves as shown.
As long as the highs of wave (ii) hold,
then we have a real chance at a major reversal building next week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding below the wave ‘b’ level at 1890 today,
and for the most part I think this action is suggesting that wave ‘c’ is now underway here.
Wave ‘b’ fulfilled all the requirements for a correction,
and the sharp drop off that correction fits a new five wave impulse wave down in wave ‘c’.
If wave ‘c’ reaches equality with wave ‘a’,
then we can suggest a target for wave ‘c’ at at about 1795.
We will see how that works out early next week.

Monday;
Watch for the wave ‘b’ high at 1890 to hold.
WAve ‘c’ should continue lower and complete five waves down as suggested by midweek.
And from there I will turn my attention to wave (b).

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

A sharp jump this morning has forced my hand in the short term pattern in crude oil I’m afraid.
This count was always a possible alternate anyway,
so I suppose it is not a big shock to be looking closer at this interpretation of wave ‘2’ really.

The previous wave count is now shown as the first alternaet count in red.
To be honest,
this count is still a viable option even with todays spike rally.
But I will allow the new count a few sessions to see if we can make a new high above 82.65 as suggested.

The rally today can be viewed as the early stages of wave (iii) of [c].
This cout requires further upside early on Monday to avoid invalidation.
I think a break below the wave (ii) low at 76.68 will favor the alternate count.

Monday;
Watch for wave (iii) of [c] to continue higher in five waves as shown.
76.68 must hold.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market is still holding below the recent wave [ii] highs today,
and as long as that fact remains,
then the reversal pattern into wave (i) of [iii] remains a possibility.

The market managed a new low today and now this evening the price is holding above that session low after a small corrective move higher.
I can still view this action as wave ‘3’ of ‘i’ ongoing.
I would like to see the early trade on Monday turn lower again and break the initial support at 3994 again.
A break of that level will give this bearish count the boost it needs.

At the moment we are sitting at a possible inflection point in the larger pattern.
As I mentioned before,
all the signs are pointing to that wave [iii] decline taking over,
but we need a solid impulsive move into wave (i) of [iii] before confirming the count.

Monday;
Wave ‘i’ down must continue lower in five waves.
3884 is the most important support for this hourly count.
A break of that level will favor this bearish count heavily.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has done enough to consider wave [a] complete at this weeks lows,
but the action has not done enough to signal wave [b] is underway yet though.
The price is barely holding above the wave [a] low this evening.
And if the low at 21.81 is broken again on Monday,
then I will have to rethink the wave count for wave ‘A’.
It is still possible that wave ‘A’ can take over here and complete five waves down near 21.00.
And once that happens,
I will begin looking for a corrective rally in wave ‘B’.

Monday;
Watch for a rally above 22.57 to confirm wave [b] is underway.
The low at wave [a] should hold at 21.81.