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 still looking at the possibility of a second wave retracement in wave ‘ii’ pink this evening.
The price drop today has quite a lot of overlap within it.
and I am suggesting this is wave ‘b’ of ‘ii’.
Wave ‘ii’ pink should complete three waves up to a lower high as shown.
If wave ‘c’ runs higher tomorrow that will postpone wave ‘iii’ of (c) until next week.

Tomorrow;
watch for wave ‘c’ of ‘ii’ to complete near 1.0666 at the 62% retracement level.
A break below 1.0515 again will signal wave ‘iii’ of (c) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am looking at a possible three wave pattern higher in wave (b) tonight.
This evenings high should top out that wave (b) pattern soon,
and wave (c) down is left to come early next week.

Tomorrow;
Watch for wave (b) to hold this lower high below 1.2205.
Wave (c) should fall towards the 1.1900 level to complete wave [ii] next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am looking at a possible expanded flat correction in wave (ii) of [c] tonight.
The price is holding below the wave [b] high again tonight,
which is another vote in favor of the wave [c] count.
There is another count possibility for wave [b] which will allow for a break of 135.12 again.
That scenario involves an expanded flat wave [b].

Tomorrow;
Watch for wave (iii) of [c] to turn lower again and break 131.30 again at the 62% retracement level.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another consolidation day in the books today after a pretty sideways session.
I have updated the pattern for wave ‘1’ of ‘iii’ this evening,
and now I am suggesting a triangle within wave ‘1’ took up most of this weeks trade.
the low reached this week completes wave ‘1’ of ‘iii’.

A three wave corrective rally is underway off that wave ‘1’ low today and that is now labelled as wave ‘2’ of ‘iii’.
The high today barely managed to hit the 38% retracement level of wave ‘1’.
So I am suggesting a target area for wave ‘2’ closer to 32550 at the 50% Fib level.

Tomorrow;
Watch for wave ‘2’ to complete a corrective lower high in that target area.
A drop back below 31440 again will signal wave ‘iii’ of (iii) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The price has so far failed to drop off the wave (b) high in an impulsive manner.
I am sticking with the idea of a decline into wave (c) of [ii] for next week
mainly because there is another spike higher in the USD due next week as suggested by the EURUSD pattern.
That should dampen the rally potential in gold at least for a few days.

Tomorrow;
I am suggesting at least a drop into 1850 again as per the alternate count,
and the main count will allow a five wave decline into the 1790 area again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The action in crude is also pretty corrective looking to the upside also today.
I have labelled todays pattern as three waves up in wave ‘iv’ pink.
If wave ‘iv’ is complete at todays high,
that should lead to a further decline into wave ‘v’ of (iii) over the coming few days.
I am still looking for the price to hold below 70.00 again at the wave ‘1’ blue level.
This level should hold the price down as wave ‘3’ develops.

Tomorrow;
The pattern should begin to get choppy over the next week as wave (iii) completes and wave (iv) gets going.
Watch for wave ‘v’ of (iii) to fall back below 65.80 again to complete.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The corrective rally in the S&P continues today in wave ‘2’ black.
The market is now heading towards that 62% retracement level of wave ‘1’ black.
At this point I will just have to wait and see how the market reacts to that level,
and to see if wave ‘3’ of ‘iii’ can begin before the end of tomorrows trade or not.
I am still pretty happy with this pattern as a beginning of wave ‘iii’ pink so I am not overly worried about the size of the retracement in wave ‘2’.

Tomorrow;
Wave ‘3’ of ‘iii’ will begin next week at the latest,
but I wont rule out tomorrow either.

Watch for wave ‘2’ to complete this corrective pattern and lets see if the 62% retracement level can stop this advance.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has traced out three waves down at todays lows,
and the price has hit the previous wave (iv) low also.
So I am suggesting that wave (a) of [ii] is now complete at todays lows.
And wave (b) should correct higher again for another few sessions.
Wave (c) will have to wait until next week now and I am looking at a low for wave [ii] with a break of 21.00 again.

Tomorrow;
WAtch for wave [ii] to continue lower for at least another few days.
Wave (b) of [ii] should track sideways tomorrow in a corrective manner.
Wave (c) will have to wait until Monday at the earliest to begin.