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 has failed to reverse lower into wave ‘iii’ just yet but the pattern still suggests another drop to come to complete this correction.
Wave ‘ii’ of (c) is holding at a lower high again today,
this second wave has hit the 62% retracement level already,
and we should see a drop into wave ‘iii’ of (c) starting Monday.

Monday;
Watch for wave ‘iii’ of (c) to break below the wave ‘i’ low early next week to confirm the pattern.
Wave (c) should fall back below 1.0300 to complete the larger wave [ii] correction.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding below the wave [i] top also this evening without any signs of a reversal yet.
Wave (c) of [ii] should break the wave (a) low at 1.2011 to complete the ideal pattern.
So,
just like EURUSD I am looking for another drop early next week to complete the larger pattern.
When that correction does finish at the wave [ii] low,
then it will be time to focus on the next leg higher into wave [iii].

Monday;
A completed three wave correction should form by midweek next week.
Watch for wave (c) of [ii] to fall into the 1.20 area to complete.
a break of 1.2100 again will signal wave (c) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is close, but not quite there yet to confirm wave (iii) of [c] down.
A break below 131.71 will signal wave (iii) is in play,
The price has fallen today off the wave (ii) high which favors the main count,
but I want to see a drop into that 130.50 area in wave (iii).
So there is work to do here early next week.

Tomorrow;
Watch for wave (iii) of [c] to continue lower as suggested into that 130.50 area.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A three wave pattern higher in wave ‘2’ has worked out so far.
The price has dropped off the top of that pattern today without breaking the wave ‘1’ low again to confirm wave ‘3’.
I want to see a break of 31400 to confirm that wave ‘3’ of ‘iii’ is underway.
And if this count is correct here,
then we should see an acceleration lower towards 30300.
That target level is where waves ‘1’ and ‘3’ black reach equality.
And that same target area marks the level where wave (iii) blue reaches equality with wave (i) blue.
The short term count is lining up for a sharp drop into that area,
so we will see on Monday if that actually comes to pass!

Monday;
Watch for wave ‘2’ to hold at todays highs at 32333.
A break of 31430 again will signal wave ‘3’ of ‘iii’ is in play.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Well I think that actoin this week as weell and truely knocked the previous wave count out of favor.
the price was stuck in a corrective triangle all week,
and today gold made a nice sharp run higher in a possible fifth wave.
This rally has triggerd the alternate count for wave (i) blue,
and wave (ii) should now drop back in three waves below 1900 at the very least.
A 62% retracement of wave (i) gives a target at 1874 again.

Monday;
Watch for wave (i) to complete and wave (ii) to fall back in three waves towards 1874.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude made a sharp turn lower today to a new low in wave ‘v’ of (iii).
The decline this week is about the best confirmation of a pattern that I have ever seen!
The acceleration lower in wave (iii) of [iii] has wiped 15% off the crude price in the space of a few days.
That is a crash in my book!
So,
what happens from here.

I am now looking for a short term low to form off that wave (iii) low.
Wave (iv) should trace out three waves up towards the 70.00 handle again.
And the more corrective the action is – the better,
in terms of the larger wave count that is.

Monday;

Watch for wave ‘a’ of (iv) to trace out three waves up.
And we should see a higher low form in wave ‘b’ by midweek at the latest.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A similar count is working out in the S&P today as in the Dow.
Wave ‘2’ seems to have put in a high at 3975,
this level marks the 62% retracement level of wave ‘1’ black.
And today we got a drop off that wave ‘2’ high.
That drop was not enough to confirm wave ‘3’ is underway yet,
I want to see a break of the wave ‘1’ low to confirm the pattern.
but it is enough to signal that a topping process is underway here at the very least.

Monday;
I am on the lookout for a sharp drop on Monday morning to signal wave ‘3’ of ‘iii’ is underway.
Wave ‘2’ must hold at 3975.
And wave ‘3’ has an initial target at 3700 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I was taken by surprise today by that sharp spike higher,
but I am pretty happy with the resulting pattern that has developed now for wave [i] green.
the correction in wave (iv) is a clear three wave decline.
And the fact that a sharp rally happened out of that corrective low means a fifth wave is now completing.
That gives us a completed pattern in wave [i],
with the expectation that wave [ii] will drop back in three waves next week.

monday;
Watch for a sharp drop into wave (a) of [ii] on Monday to confirm the pattern.
Wave (a) should retrace most of the rally in wave (v).