Good evening folks, the Lord’s Blessings to you all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Well I must admit that this rally into a third wave has been a big disappointment so far.
I am finding it hard to justify the bullish wave (i) count now.
But,
at this moment the wave (i) count has not been invalidated.
So I am willing to give wave (i) another day to see if we can get an extended rally towards 1.07 in wave (i) blue.
If it doesn’t happen tomorrow,
then I will go back to the drawing board.

Tomorrow;
Watch for wave ‘iii’ of (i) to push higher in a five wave pattern to reach the 1.07 handle.
A break of 1.0518 again will invalidate this count.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable does not want to extend higher into wave (c) of [iv] at all this week.
The action today was quite choppy and it opens up another possibility for wave (c) now.
Wave (c) may have traced out an ending diagonal pattern into todays highs.
There is a wedge formation in the pattern off that wave (b) low.
and now the price has hit a wall and come to a halt this evening.

Tomorrow;
Watch for a reversal off the top of wave (c) to break the wave ‘iv’ low at 1.2165.
A break of that level will signal wave (c) has topped out and we can then turn our attention to wave [v] down.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is holding a lower high below the wave ‘b’ top for another day and for the moment the main count is still in play.
Wave ‘c’ has not been confirmed yet,
but the pattern off that wave ‘b’ high is suggesting that a five wave decline has started into wave ‘c’.
If we see another drop below 148.00 tomorrow that will favor the main count.

Tomorrow;
watch for wave ‘c’ of (a) to fall in five waves and break 147.25 at a minimum.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Despite another high for wave ‘c’ today,
the market is still holding the three wave corrective nature in this rally in wave ‘iv’ overall.
I cant confirm this count yet,
but I am watching that wave ‘b’ of ‘iv’ low at 33120 as an important level to suggest wave ‘v’ has begun.

the alternate count is also valid again today,
and maybe the size of the rally off the recent low fits that higher degree label.
But I am going to stick with the main count for another day to see if we can get some movement back in favor of the downside again.

Tomorrow;
The market has turned off the highs of the session this evening,
so this could be the beginning of that turn.
Watch for a decline below wave ‘b’ at 33120 to signal wave ‘v’ of (iii) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Well Gold has not moved much today so its hard to add much to the comments from last night.
There is a very small lower high in place this evening,
but I need to see a much more impulsive move lower to confirm that wave ‘v’ of (iii) is underway.

Tomorrow;
Lets see if that high at wave ‘iv’ can hold at 1865.
the initial target for wave ‘v’ lies at 1815,
while the favored target lies at 1787 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

There is two possibilities for wave (b) tonight.
the main count suggests wave (c) has completed a three wave flat at todays lows.
The other idea involves a triangle correction in wave (b) that should complete now.
Both scenarios require another rally into wave (c) over the coming days,
and I am looking at the 50% retracement level at 87.50 as the main target for wave (c) to complete.

Tomorrow;
Watch for wave (c) to trace out a five wave rally from these lows to complete near 87.50 by Thursday.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The rally in the S&P took another step higher today also and just like the Dow I am not that worried about it.
The main wave count suggests this rally is occurring in wave ‘iv’ of (iii).
That count remains valid even today.
There is no alternate count similar to the Dow in this market though.
Wave (iv) blue does not fit at this weeks high.

Because the rally this week broke above the previous wave (i) low at 4335,
That caused an overlap in the pattern so wave (iv) is invalid here.

The market has reversed this evening and I am looking for a solid move lower to break that weave ‘b’ low tomorrow to signal wave ‘v’ is underway.

Tomorrow;
Watch for wave ‘iv’ to hold at todays highs.
A break below 4267 again will signal wave ‘v’ is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at a possible triangle forming today in wave ‘4’ of ‘c’.
this pattern does explain the very slow action so far this week.
A five wave rally in wave ‘c’ of (iv) will now complete with a small pop above 22.00 again as shown.
Once that happens,
then we can turn our attentions lower again into wave (v) of [c] of ‘2’.
The minimum target for wave (v) lies at a break of 20.66 again.

Tomorrow;
Watch for wave ‘c’ of (iv) to complete with a pop above 22.00.
A break of 21.30 again will signal wave (v) is underway.