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

 

https://twitter.com/bullwavesreal


EURUSD.


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Its a difficult pattern in wave ‘ii’ at the moment. 
the price has dropped again today but the action is clearly corrective at the moment. 
So I am suggesting this new low is wave ‘b’ of ‘ii’. 
and wave ‘c’ is left to rally next week to complete an expanded flat correction and a lower high to begin wave (iii) down. 

Monday;
Watch for wave ‘c’ of to push higher to break 1.0950 again and complete wave ‘ii’. 


GBPUSD


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I abandoned the triangle pattern for wave (iv) yesterday, 
and today that pattern is back in the spotlight! 

The price action has contracted all week and into todays high at 1.2754. 
I am suggesting wave ‘e’ of (iv) completed at todays high, 
and wave (v) should turn lower from here. 

Monday;
Watch for that wave ‘c’ high to hold at 1.2786. 
A break of that level will invalidate the triangle again. 

Wave (v) should fall below 1.2620 at a minimum.


USDJPY.


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The low of the session today reached 144.93 which marks the previous top at wave [iii]. 
that level should act as support for the rally into wave [v] in general. 
And the price is holding just above that support as we hit the close tonight. 

I am still going with the idea that wave ‘iii’ of (iii) of [v] is now extending higher. 
And as long as support holds, 
I can continue with that idea. 

I did mention an alternate idea for wave [v] in the video earlier. 
If we see further downside next week, 
I will consider that alternate pattern again. 

Monday;
Watch for wave ‘iii’ to continue higher and to complete five waves up near 148.00 again. 
If the price breaks 143.90 agian,
I will then consider an alternate count here.


DOW JONES.


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The Dow has rebounded off an early decline this evening. 
I am suggesting that wave ‘iii’ of (i) is now complete. 
And wave ‘iv’ should correct sideways over the next few sessions. 

Todays top is labelled wave ‘a’ of ‘iv’, 
wave ‘b’ should fall again towards 34200, 
and then wave ‘c’ of ‘iv’ can turn higher to complete the correction above 34600. 

Once wave ‘iv’ takes its final form and it is clear we are dealing with a correction here. 
then wave ‘v’ of (i) can turn lower again as shown. 
I would like to see a break of 34000 to complete wave (i) blue. 

Monday;
Watch for wave ‘iv’ of (i) to continue a holding pattern for Monday at least. 
Wave ‘iv’ must complete below 35000 again.


GOLD


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Gold will not turn higher for me at all this week! 
I am still looking for that corrective rally towards 1939 in wave (ii) as shown. 
But so far there is no let up on the declines. 
Downside momentum has basically flatlined now, 
and I suspect we will see a divergence higher over the next few sessions. 
That will lead us into the wave (ii) rally. 

Monday;
Watch for the wave (i) low to be set by Monday evening at the latest.
Wave (ii) should begin by Tuesday.


CRUDE OIL.


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I am suggesting that wave (v) is now underway off the lows at 78.64 now. 
the price has only traced out three waves up so far, 
but I think wave ‘iii’ of (v) should push higher on Monday and top out near 84.00 again. 
Wave (v) is expected to break 84.33 at a minimum. 

Monday;
Watch for wave (iv) to hold at 78.64 and wave ‘iii’ of (v) to continue higher as shown. 


S&P 500.


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We now have two weeks of declines in place and the market is holding near the lows as we hit the close this evening. 
I am suggesting that wave ‘iii’ of (i) is close to completing now, 
with maybe one more step lower into wave ‘v’ of ‘iii’ on the cards on Monday. 
We should see a correction higher begin then in wave ‘iv’ as shown. 
Wave ‘iv’ must hold below 4464 at the wave ‘i’ low. 
And then wave ‘v’ of (i) will complete five waves down later on next week. 

Monday;
Wave ‘iv’ will begin by Tuesday evening at the latest. 
Watch for wave (i) to complete a full five wave impulse pattern lower by the end of next week. 


SILVER.


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I am not sure if the lows this week is completing wave (i) as is shown by the main count, 
or wave (iii) as per the alternate count. 
That remains to be seen next week. 
Wave (ii) has the potential to rally back into the 24.00 area again. 
Whereas, a fourth wave correction should not retrace that high into the pattern. 

Once we have a correction underway next week it should become clear which count is more fitting. 

Monday;
Wave ‘v’ of (i) should complete by Monday evening. 
Watch for the correction into wave (ii) to begin with a rally back above 23.00 again. 


BITCOIN


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