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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has finally broken the wave ‘i’ low today with a solid break below 1.0913 again.
This action suggests that wave ‘ii’ is now complete at 1.1064,
and wave ‘iii’ down is now underway.
The decline off the wave ‘ii’ high has completed an internal five wave pattern into todays lows,
and that completes wave ‘1’ of ‘iii’.
Wave ‘2’ should form a lower high below 1.1000 by tomorrow evening,
and wave ‘3’ of ‘iii’ should then accelerate lower again towards 1.0700 again.

Tomorrow;
The pattern is on trace to continue lower in wave ‘iii’ this week.
Wave ‘ii’ must hold at 1.1064.
Watch for wave ‘2’ of ‘iii’ to complete a lower high and then price should turn lower again towards 1.0700 in wave ‘3’ of ‘iii’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The low of the session today did break the initial support at 1.2620.
This level also marks the initial target for wave (v) to complete.

I don’t think wave (v) is complete yet though,
the pattern into todays low is in three waves.
This pattern suggests that wave ‘ii’ is still underway here as a running flat,
That is the wave count I am going with tonight.

Or,
the larger wave (iv) is still in play as a complex correction.

I prefer the idea that wave (v) will continue lower for the rest of the week and compelte five waves down below 1.2500.
AS long as the wave (iv) level holds at 1.2818,
then the wave count remains.

Tomorrow;
Watch for wave ‘iii’ of (v) to continue lower to break 1.2588 and confirm the main wave count.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is holding above the 145.00 level this evening as the price continues to rise in a possible third wave.
The price has not hit an acceleration phase just yet in wave ‘3’ of ‘iii’.
And the action today is a little subdued to be honest.

So,
this very bullish interpretation is still questionable until that rally happens.
I will keep on open mind here.

There is a possibility that we will get a larger wave ‘1’ and ‘2’ pattern to begin wave ‘iii’.
In that case,
we will see another corrective decline in wave ‘2’ back into 143.00 again as shown.
And then wave ‘3’ of ‘iii’ can take off correctly.

Tomorrow;
Watch for wave ‘3’ of trace out five waves up over the next few days.
wave ‘3’ should break above 147.50 to achieve the correct type of extension in the pattern.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The main wave count has not been proven wrong yet,
but I will admit that we are getting very long into this pattern without any major move lower into a third wave.
I am giving this count the benefit of the doubt tonight,
as there is still a possibility that we have another second wave lower high forming tonight.
This may lead to a sharper decline into wave ‘3’ of ‘iii’ over the coming few days.
And if the price breaks down through support at 35000 again then we will be back on track in this wave count.

I am watching the larger triangle pattern formed by those contracting trend lines tonight also.
If the price fails to break down tomorrow,
then I will be forced to look at that triangle pattern again.

Tomorrow;
Watch for the market to fall back below support at 35000 to signal that wave ‘iii’ of (i) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold fell into the first support today at 1902 at the previous wave (b) low.
the price immediately bounced off that level,
and I am suggesting that finally we have a turn into wave (ii) again.

I won’t complain if the price takes another step lower this week to break the lower support to complete wave (i),
If that happens it will only increase the probability of the bearish count for wave [c] of ‘2’.

But in general,
I do think that we are due a bounce into wave (ii) pretty soon,
and that is why I continue to suggest a complete wave (i) as the main count.

Tomorrow;
Watch for wave ‘a’ of (ii) to push higher towards 1930 to complete.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The action was fairly flat in general today and because of that we have not confirmed this new wave count for wave (iv) yet.
I am looking for a five wave decline into wave ‘c’ of (iv) this week.
This count requires another step lower to break the previous wave ‘b’ at 79.68 again,
and if that happens,
the wave count will be confirmed for wave (iv) and we can expect wave ‘c’ to hit that lower target at 78.50 at a minimum then.

Tomorrow;
Watch for this wave ‘c’ decline to continue towards the initial target.
A break of 79.68 again will give this count a boost.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The count in the S&P has not advanced very much today either.
Wave ‘ii’ is still holding at the recent high of 4525.
The initial decline off that high was promising as a possible wave ‘1’ of ‘iii’.
And I am still going with that idea tonight.
The price must hold below that wave ‘ii’ high for this count to remain valid.

The rebound off the lows today is shown as wave ‘2’ of ‘iii’,
and if this is correct,
then wave ‘3’ of ‘iii’ will turn lower again tomorrow to confirm the count.

Tomorrow;
Its going to be a test session tomorrow for this wave count.
If the price continues to hover in this corrective range of wave ‘ii’ then I will rethink the pattern again.
for the moment,
lets see if this wave count proves correct.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have shown a different variation on the same wave ‘iii’ count today.
the price made a new low to break the initial support at 22.50,
and now we have a bounce off the low of the session,
which may be the final move of wave ‘iv’ as shown.
The pattern I am suggesting for wave ‘iv’ is an expanded flat correction.
And this does explain the very timid week we saw last week with prices holding above the support line for 3 whole days.

Todays bounce is labelled as wave ‘c’ of ‘iv’.
And that should complete with a rally back above 23.00 again.
After that I can begin to look lower into wave ‘v’ of (i) again.

Tomorrow;
Watch for wave ‘c’ to continue higher to break 23.00 at a minimum.
A top should form in the area of 23.50.