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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Not a whole lot to report in EURUSD today.
EURUSD has pretty much flatlined the whole session at the wave ‘i’ low of 1.0942.
As a result,
the pattern has not changed for wave ‘ii’.
I think we can still call this low a three wave decline in wave ‘b’ of ‘ii’.
And wave ‘c’ of ‘ii’ should complete at the wave ‘a’ high at 1.1050 by tomorrow evening hopefully.
that will leave next week for wave ‘iii’ to turn lower again.

Tomorrow;
Watch for wave ‘ii’ to complete that expanded flat correction at 1.1050.
If the price does spike lower again to break 1.0832,
that will suggest wave ‘iii’ is already underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am stuck between
I am not sure if wave ‘iii’ of (iii) is complete at todays lows,
Or
if wave ‘iii’ will complete with one more step lower to break 1.2588 again.
the second outcome would be preferred to be honest.
And then a correction in wave ‘iv’ can begin with good clearance below wave ‘i’ at 1.2762.

We will see how the main pattern plays out tomorrow.
I am watching that wave ‘i’ low at 1.2762 as a resistance that should not break if this pattern is correct.

Tomorrow;
1.2762 must hold and wave ‘iv’ should complete a shallow correction below that level.
The price should turn lower again to break 1.2588.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has corrected sideways for two days now and I think the market has traced out an expanded flat correction at todays lows.
The wave (i) support is holding so far.
And wave ‘v’ of (iii) should accelerate higher again if this pattern is correct.
I am still looking for a break of the 145.00 high again to confirm this pattern.

Tomorrow;
Watch for that support to hold again.
Wave ‘v’ should now turn higher and trace out five waves up towards 145.00.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow has failed to drop closer to support today and that does favor that alternate wave ‘4’ count now I’m afraid.
I have not switched to that count tonight yet though.
This market could easily turn back in favor of the main count again.
And that is why I am still looking at that 34575 high at wave ‘iii’.

Tomorrow;
Nothing much happened today.
So lets give this market another chance to prove itself tomorrow with a break of initial support at 34575.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has consolidated today around that wave (a) high today with another flat and uninspiring trade.
The action is quite corrective in nature throughout the whole session,
and I do favor another sharp drop into wave ‘iii’ of (iii) towards the next lower support at 1902 again.
If the price does take out the lows again at 1892,
that will confirm that wave [c] is underway again.

Tomorrow;
Watch for wave ‘iii’ to take another step lower to confirm the main count.
I am looking for five wave down to complete in wave ‘iii’ near 1902 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude bounced higher today to challenge the recent high at wave [ii] again.
Obviously this puts pressure on the idea that main wave count.
But at the moment this count is still valid,
and we have a lower high in a possible wave ‘ii’ in play here.

I am happy that the recent decline off the top was a five wave pattern.
And if the price reverses again tomorrow to break below 78.50 again that will build the case for a top in wave [ii] again.

Tomorrow;
First things first,
the high at wave [ii] must hold.
Wave ‘iii’ down must turn lower again and break 78.50.
I would like to see wave ‘iii’ break 76.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is pretty flat today as we approach the close this evening.
I am allowing this wave ‘iii’ idea another day to be confirmed or invalidated here.
And if this market does fall below 4448 again then I will be a bit happier with the way the pattern is progressing into wave (i).
The ideal low for wave (i) lies at 4377 again.
At that point we can look for a Head and shoulders pattern to build in wave (ii).
For the moment,
patience is the key word here.

Tomorrow;
Lets give the market another chance to extend the decline in wave ‘iii’ of (i).
A break of 4448 again will be sufficient to complete wave ‘iii’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

It looks like wave ‘3’ of ‘iii’ is complete at todays lows.
The price has held above 23.30 so far at the wave ‘3’ lows.
I want to see a break of that level as wave ‘iii’ pink completes over the next few sessions.
23.30 is the first support and the first big hurdle for this pattern.
A break of that level will give this pattern a real probability boost.

As this pattern progresses,
I want to see wave ‘4’ of ‘iii’ complete below 24.00 tomorrow,
and then wave ‘5’ down fall again to break 23.00 early next week.

Tomorrow;
Watch for wave ‘iii’ down to continue lower over the next few sessions as suggested.
Wave ‘1’ should hold tomorrow at 24.00.