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.

I am doing something wron here in EURUSD this week!
The market has refused to rally back into wave ‘c’ of ‘b’ so far at least.
And now we have another test of the lows at 1.0612 this evening.
The action today does not fit well in any pattern at the moment,
but the main count has not been ruled out either.
So I am going to stick with this expanded flat correction in wave ‘b’ pink until proved wrong.

tomorrow;
Watch for wave ‘b’ black to put in a final low before rallying in wave ‘c’ to complete this correction in wave ‘b’ pink.

GBPUSD

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GBPUSD 4hr.

GBPUSD daily.

The three wave rally in wave ‘ii’ is holding so far today and there is weakness off that wave ‘ii’ high.
Suggesting the main count is valid for wave ‘ii’ so far.
The only problem I see here is todays action has been relatively quiet and not impulsive to the downside yet,
So wave ‘iii’ is yet to take over here.
I want to see a break of Tuesdays low at 1.1985 again in order to signal wave ‘iii’ is underway.

Tomorrow;
Watch for wave ‘iii’ of (iii) to begin an acceleration lower to confirm the pattern with a break of 1.1840.
If we see a break of 1.1985 again that will be a good signal that wave ‘1’ of ‘iii’ is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY was another quiet market today,
and because of that relatively flat trade I think we can say that wave ‘iii’ is back on track.

The action off tuesdays high has been corrective,
and the price is holding above support at wave ‘4’ now.
I am suggesting that wave ‘5’ of ‘iii’ is now underway with a small impulsive higher low in place to begin that next leg up.
If the price breaks above 135.23 again tomorrow,
that should confirm the short term pattern.

The ideal target for wave ‘iii’ lies at 137.57 where wave ‘iii’ reaches 162% of wave ‘i’.

Tomorrow;
WAtch for wave ‘4’ to hold at 133.90.
Wave ‘5’ of ‘iii’ should trace out five waves up again towards that upper target.

DOW JONES.

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Well we have a small consolidation in place today off the wave ‘3’ low.
I have labelled this corrective move as wave ‘4’ of ‘i’.
I know that wave ‘4’ black is relatively small compared to wave the wave ‘2’ correction.
But if the price continues lower towards that support at 32930 at wave ‘b’ again,
then the pattern in wave ‘i’ pink will be pretty close to a five wave decline,
and I think we will be close to confirming the big turn down into wave (iii) of [iii] is underway.

So this week is turning out to be quite important in terms of the bigger picture.
If the short term pattern is correct,
then we are a matter of days away from a rapid acceleration lower in wave ‘iii’ of (iii) of [iii].

Tomorrow;
Watch for wave ‘5’ of ‘i’ to break support at wave ‘b’ t 32930 again.
A break of 32570 again will be even better,
but I must restraing myself from expecting too much here!

GOLD

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GOLD daily.

Gold is holding near the lows at wave (a) again today but the pattern is not lost yet.
The decline since the high of wave ‘a’ is in three waves,
the move definitly looks corrective,
so I am calling this wave ‘b’ of ‘a’ as you can see.

If this pattern holds,
then we should see a rally in wave ‘c’ of ‘a’ beginning tomorrow.
I am looking at a top for ‘a’ pink above 1850 to complete three waves up,
and the initial move higher in wave (b) as shown.
So far this pattern is holding.

tomorrow;
Watch for wave ‘c’ of ‘a’ to turn higher again to hit the 1850 area and complete three waves up in wave ‘a’.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The short term pattern in crude is very close to begin invalidated today as the price continues to slide further.
If we see a break of 72.50 again,
that will favor the alternate count again and we can suggest then that wave [iii] green is already underway off the high at 82.65.
This market simply must turn higher tomorrow to affirm the main wave count for wave [c] of ‘2’.
A break above 77.75 again will signal wave (iii) is underway.

Tomorrow;
Watch for the low of wave [b] at 72.50 to hold.
wave ‘i’ of (iii) must push above 77.75.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market is sitting at the lows of the week again this evening after a very weak attempt to rebound earlier.
I am calling wave ‘4’ of ‘i’ complete at todays highs,
but I am aware of the relative small size of wave ‘4’ in comparison to wave ‘2’.
If we see a larger rebound tomorrow that will suggest wave ‘4’ is still in play.

The decline off the wave ‘4’ high today is now viewed as wave ‘5’ of ‘i’ underway.
I am asking a lot from this decline in wave ‘5’ of ‘i’.
But every previous high or low we take out is another support taken out from under this market.
If the decline gains steam again tomorrow then I think wave ‘5’ can easily make the lower band of support between 3887 and 3870.

One step at a time!

Tomorrow;
Watch for wave ‘5’ of ‘i’ to continue lower as shown and trace out five waves down into 3887.
The wave ‘iv’ lows at 4050 should hold.

SILVER.

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SILVER daily.

I am showing an expanded wave (b) this evening,
after a sharp drop retraced more of the wave (a) rally than I expected.
I think the larger wave [b] pattern is still quite likely and I am sticking with it for tomorrow.
The decline in wave (b) has traced out a three wave expanded flat correction.
And if the low at wave [a] holds tomorrow,
then I do think that wave (c) will turn higher as suggested.

Tomorrow;
Watch for this larger wave (b) to complete and then wave (c) of [ii] to rally back above 22.00 again.