Good evening to one and all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

This fourth wave correction is taking its time to work through the pattern,
another day over and the final wave up is yet to get going.
Wave ‘b’ of ‘iv’ managed a new low today to complete a clear three waves down.
And the higher low is still holding above the wave ‘iii’ low at 1.0634.
I am waiting for wave ‘c’ of ‘iv’ to rally back above 1.0780 at the minimum target.
And that should be enough to complete wave ‘iv’.
Wave ‘v’ will have to wait until later in the week to turn lower again.

Tomorrow;
Watch for wave ‘b’ to hold at todays lows.
Wave ‘c’ should break the wave ‘a’ high at 1.0780 at a minimum.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

No change on last nights pattern really.
the price dropped slightly today and then rebounded off the session lows.
The price should continue higher again to complete wave ‘c’ of ‘ii’ tomorrow.
And the target for that wave lies at 1.2458.
That will close out a lower high at wave ‘ii’.
and wave ‘iii’ of (c) is then expected to turn down again to break 1.2309 at a minimum.

Tomorrow;
Watch for wave ‘c’ to complete with a break of 1.2558 and then wave ‘ii’ should top out and reverse lower into wave ‘iii’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY moved higher today off that wave ‘ii’ low at 139.09.
If this pattern is correct here for wave (v) of [iii].
Then we should see a five wave rally to break 140.95 at the wave (iii) high.
that is the minimum target for wave ‘iii’ and that would confirm this wave count for wave (v).
Wave (v) of [iii] should break above 141.58 at a minimum also,
That level is where wave [i] and [iii] green reach equality in length.
so there is room to run in this rally yet if the pattern holds.

Tomorrow;
Watch for wave ‘iii’ of (V) to break above 140.95 and then continue to complete five waves up in wave (v) overall.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is holding up quite well today even with a small new low made earlier,
I think we can say the market is pretty flat for the session.
The pattern has not revealed itself yet off the top of wave ‘ii’.
I was hoping for a break of the previous interim high at 33257,
if that happened,
it would really give a boost to the idea that wave ‘ii’ was complete and wave ‘iii’ beginning.
I am going to have to wait in order to see that wave ‘ii’ top confirmed.
This week is turning out to be another frustrating one so far.
But that will change once wave ‘iii’ does begin.

Tomorrow;
Watch for wave ‘ii’ to hold at the recent high.
Wave ‘iii’ should break below 32580 to confirm this pattern,
but I will take a break below 33257 tomorrow as a signal that this pattern is still on track.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I have mapped out a five wave pattern higher for wave ‘c’ of (b) this evening.
This higher low has already completed wave ‘2’ of ‘c’ this evening.
And I am expecting wave ‘3’ to continue higher to break the wave ‘a’ high at 1983 tomorrow.
Wave ‘c’ should complete near the 2000 level again by the end of the week.

Tomorrow;
Watch for wave ‘b’ to hold at 1938.
wave ‘c’ should break 1983 at a minimum.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

It is possible that the recent high labelled wave ‘iii’ on the chart,
is actually the final top for wave (c) overall as shown by the alternate count.
The price dropped early in the session today and that has brought that alternate count to the forefront.

AS for the main count in wave (c) of [ii].
Todays initial decline has been recovered by another spike rally off that low.
And now I have labelled this as the beginning of wave ‘v’ of (c).
The final high for wave ‘v’ of (c) should break above 74.35 again.
A break of that level will be enough to complete this pattern.

Tomorrow;
Watch for wave ‘v’ to hit that minimum target high at 74.35.
Wave (i) of [iii] may even begin before the end of this week if all goes well.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

There is nothing to show for the session today in the S&P.
This rally is crazy narrow overall and is concentrated in about 5% of the overall index.
And I would suggest that the expanding wedge pattern in wave ‘v’ is actually a consequence of this weak breadth.
Rallies and declines making very little progress overall with weak momentum is a market running out of road fast.

If you look at the action since the wave ‘iii’ high.
The market was flat from that top into the June first lows last week.
Thats 6 weeks of nothing.
The gains were all made in the last two trading days!
Now that is something the headlines will not tell you.

AS for the pattern.
This expanding wedge remains in force today.
If the market breaks above resistance at 4324,
then I will switch to that alternate count on the daily chart.
But even then the actual internal pattern of this short term pattern will be very similar.

Waiting for the rug to be pulled out from underneath this thing!

Tomorrow;
Watch for the highs to hold and wave [ii] to top out and reverse.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The lower high has held in wave (ii) blue today and the price even managed a spike lower to suggest wave (iii) is beginning.
I have shown wave ‘i’ and ‘ii’ of (iii) close to done now.
If the price moves below 23.23 in the next few days,
then we can be more confident that wave (iii) of [c] has begun.
Wave ‘iii’ of (iii) should fall into the area of 22.50 over the coming days if this pattern holds.

Tomorrow;
Watch for wave (ii) to hold and wave ‘iii’ of (iii) to regain control again.