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.

Another day stuck in a second wave correction without an impulsive move lower yet to confirm this wave count.
I am confident that this is a corrective lower high in play here for wave ‘2’ of ‘i’.
and the next step here is for a larger decline into wave ‘3’ of ‘i’ to begin.

Tomorrow;
As long as this action remains corrective and the high at 1.1075 holds,
then wave ‘3’ will come our way.

Watch for a break below the wave ‘1’ low at 1.0908 to signal wave ‘3’ of ‘i’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The lower high of wave ‘ii’ at 1.2473 is holding so far today,
and the price did make a move lower off that second wave today.
So far the action has not confirmed wave ‘iii’ of (i).
A break below the wave ‘iv’ low at 1.2342 is the move I am looking for to do just that.
Once that happens,
that should lead to a five wave decline to develop towards 1.2201 at wave (a) blue.
And when that wave (a) high breaks,
that should be enough to confirm he larger degree wave [c] green is underway.

Its a matter of time and patience here as usual!

Tomorrow;
Watch for wave ‘iii’ of (i) to turn lower again.
the key level lies at 1.2342 to confirm wave (i) blue.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Todays action has completed a three wave move lower off wave ‘i’ pink.
I cannot confirm that this second wave correction is over yet,
only an acceleration higher into wave ‘iii’ of (iii) will do that.
But It is encouraging to see this decline trace out a clear three wave formation.
The price is holding above the recent corrective low at 133.86 also.
so if that level holds again tomorrow,
that will be a good sign that wave ‘ii’ is done here and wave ‘iii’ of (iii) is ready to take over.

Tomorrow;
Watch for wave ‘ii’ of (iii) to find a final low possibly in this overnight session.
A break above 135.12 again will suggest wave ‘iii’ is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market is closing lower this evening but again I am left wanting more in term’s of the pattern.
I can’t make out an impulsive decline yet,
but every time the market drops off from the wave (ii) high
it creates some more distance from that invalidation line at 34342.
and that gives us some breathing space and time to build an impulsive pattern down again.

Tomorrow;
A decline is welcome for sure,
but I want to see a discernable pattern build from here to begin wave ‘i’ of (iii).
And so far this weeks trade has refused to give me anything to go on.
I want to see further declines tomorrow.
an acceleration lower would really help my case for wave ‘i’ of (iii).
initial support lies at 33270.
Lets see if the market can break that level again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has traced out another three wave pattern higher today off that new low from yesterdays session.
I am happy enough to call that a ‘1’ ‘2’ decline with wave ’23’ coming to a close tonight.
This pattern still suggests wave ‘3’ down is on the way.
and we should see a break of 1900 as wave ‘a’ completes next week.

Wave ‘a’ can also trace out a three wave pattern lower off the top,
but even in that case we should see a sizeable move lower to complete wave ‘a’.

Tomorrow;
Watch for wave ‘2’ to hold that lower high.
Wave ‘3’ of ‘a’ is expected to begin very soon, possibly tomorrow.
So watch for a break of 1969 to signal wave ‘3’ is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude took another impulsive step lower today and that just about seals the deal for the main count here.
I am pretty sure we have a five wave pattern complete in wave (i) of [i] of ‘3’.
Todays drop has brought the market back into the gap created in the previous rally.
so that is a good area to look for a temporary low to form.

We should see a corrective rally into wave (ii) pretty soon,
None of the small rallies this week fit that description.
I expect wave (ii) will push back towards 80.00 again in three waves.

Tomorrow;
Watch for wave ‘v’ of (i) to find a low soon.
Wave ‘a’ and ‘b’ of (ii) will form a higher low early next week I suspect.
For the moment,
it is enough to look for a completed pattern in wave (i) by tomorrows close.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has now done exactly nothing since the 3rd of this month.
It has been a long and frustrating road to nowhere so far.
I am holding onto the idea that the market has formed a top in wave (ii) this week.
But I am still waiting for confirming price action to back that idea up.
The market is closing on the lows of the session now.
I want to see a solid step lower to break initial support to signal wave ‘i’ of (iii) is underway.
A break of 4041 has been the target for a while now,
and that remains the idea tonight.

Tomorrow;
WAtch for wave (ii) to hold below that invalidation high at 4195 again.
Wave ‘i’ has got to start making progress lower soon or I think I might lose my patience in a very ungentlemanlike fashion!

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is still stuck in wave (b) of [a] again today.
A very slight new high for wave (b) was reached today but the market is back to flat on the day essentially.
The high today almost reached the 61.8% retracement level before turning lower again.
I want to see that wave (b) high hold from now on.
And wave ‘i’ of (c) should continue lower in five waves over the coming few days.

Tomorrow;
Watch for wave ‘i’ to break 24.60 to confirm wave (c) is underway.