Good evening to one and all, the Lord’s Blessings to you tonight.

“A rally 20% off the low defines a new bull market”

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The pattern in wave ‘iv’ is developing a little slower than I expected,
but the price is stepping higher in general off that wave ‘b’ low.
I have set the target for wave ‘c’ at 1.0780,
and I want to see that level hit tomorrow before wave ‘v’ takes over later in the week.
If the price breaks the wave ‘iii’ low again at 1.0634,
then I will just have to accept wave ‘v’ has begun.

Tomorrow;
Watch for wave ‘c’ of ‘iv’ to complete at 1.0780 and then drop back into wave ‘v’ down again maybe by tomorrow evening.

GBPUSD

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GBPUSD daily.

Wave ‘ii’ managed to spike higher today but so far the price is holding the lower high below 1.2544.
the price has dropped again off todays lower high and I am suggesting that wave ‘iii’ of (c) is now underway.
Wave ‘iii’ will be confirmed if the price breaks below the wave ‘i’ low at 1.2368.
the target for wave (c) of [a] lies at 1.2174.
This is where wave (c) reaches equality with wave (a).

Tomorrow;
Watch for wave ‘ii’ to hold at todays high of 1.2498.
Wave ‘iii’ down should continue lower and break wave ‘i’ at 1.2368.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Second waves love to hold on for one more low and that’s what happened here today.
Wave ‘ii’ of (v) should be complete at that 139.01 low now.
The price had a nice bounce off that low and I am suggesting that wave ‘iii’ of (v) is now underway.
Wave ‘iii’ should break above the 140.98 level to confirm the larger wave (v) count.
But I do expect wave ‘iii’ will top out near 142.00 later this week.

Tomorrow;
lets see if wave ‘iii’ of (v) can be confirmed with a break of 140.98.

DOW JONES.

DOW 1hr.

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DOW daily.

It is possible that the Dow is forming a corrective lower high below the wave ‘ii’ level at 33838 right now.
The market has now formed a lower high after a three wave rise today.
This is a nice little impulse pattern,
but I can’t confirm the wave ‘ii’ top until we see another acceleration lower to break 32580 again.
I know that is a long way down from here,
but if the market is about to fall into this wave ‘iii’ of (i) pattern,
then that low is only the minimum target for the next leg down.
In reality,
wave (i) should reach far lower than 32500.
I would suggest wave (i) will hit a low near 31000 again after a rapid drop.

Tomorrow;
The first signal level to watch lies at 33250 at the interim high.
If that level breaks,
then wave ‘iii’ down gets a major probability boost.
If 33830 breaks again,
then I will have to wait for another day.

GOLD

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GOLD daily.

Todays action has tipped the balance in favor of the alternate count for wave (b) again.
The price dropped back and retraced the recent rally with a very sharp spike lower.
I am suggesting this move is the beginning of wave ‘iii’ of (c) down.
and this will be confirmed with a break of the wave (a) low at 1931 again.

the lower target for wave (c) of [a] lies at 1835 again,
this is the level where wave (c) reaches equaliy with wave (a) again.

Tomorrow;
Watch for wave ‘1’ of ‘iii’ to fall below 1931 to signal that wave ‘iii’ is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am giving crude oil the benefit of the doubt again today,
the price is higher into wave ‘v’ of (c) alright,
but the pattern higher today has traced out three waves up.
If the alternate wave count is actually correct here,
then the price will fall sharply tomorrow to begin wave (i) of [iii].

As for the main wave count.
Wave ‘v’ must continue higher and create a new high for wave (c) near 75.00.
If that does not happen,
then I will look again at the alternate count.

Tomorrow;
watch for wave ‘v’ to continue towards the target at 75.00.
The wave ‘iv’ low at 70.20 must hold.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is holding below this weeks high again today so I can hold onto the idea that wave (c) of [ii] is complete.
This pattern really needs a reversal to give it a lifeline though.
So I want to see a sharp decline before the end of the week to break that wave ‘iii’ top at 4172.
Until that happens this pattern will remain hanging on by a thread.

Tomorrow;
Watch for wave [ii] to hold below 4324.
Wave ‘i’ down must get some traction beginning tomorrow so that support level at 4172 is the first target.

SILVER.

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SILVER daily.

Silver had a pretty wild session today with literally nothing achieved!
The price managed to make a new high for wave (c) of [b] at the high.
And then the gains were completely wiped out again by the close this evening.
I have re-labelled wave (c) of [b] to show a triangle pattern followed by a spike rally in wave ‘v’.
And now the decline should begin wave (i) of [c].

Tomorrow;
Watch for wave (i) to fall back below 23.00 again in five waves.
A break of the wave (b) low at 22.90 again will be a solid vote in favor of this count.