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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am not arguing in favor of the main count tonight even though it is still technically valid.
I am leaving the main count untouched until it does get invalidated by a sharp drop back below 1.05 again.

As for the alternate count shown;
There is still a possibility that we have a fourth wave correction underway off the recent lows.
The pattern has traced out three waves higher,
and reached the previous fourth wave high at one lower degree.
The wave (iv) label does fit in this scenario.
so it is crunch time for the pattern here.

Tomorrow;
A break of 1.05 again will trigger that alternate count.
And we can then look for a lower low to complete wave (v) of [c] of ‘2’ in the area of 1.0350

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The wedge rally into the high today may have completed wave (c) of [iv] now.
We have a small reversal in price this evening which seems impulsive,
I have marked the previous wave ‘iv’ low at 1.2165 as the level to watch for wave [v] to be confirmed.
And wave (i) of [v] should break that level with ease if this count is correct.

Tomorrow;
Watch for wave [iv] to top out at todays highs and then wave (i) of [v] should turn lower for the rest of the week.
Wave [v] is set to fall down to about 1.1900 overall.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

That wave ‘b’ top is holding at the moment but I cant confirm that wave ‘c’ is underway just yet.
As long as 149.53 holds,
then this count remains valid.

I have labelled todays rally to a small lower high as wave ‘2’ of ‘c’.
The price must turn lower overnight to fall back below 148.00 in wave ‘3’ of ‘c’ to confirm this wave count.

Tomorrow;
Watch for wave ‘c’ to continue lower in five waves and for wave ‘b’ to hold at 149.53.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is basically flat today and the market is holding below the recent top at wave ‘iv’ today.
The decline off the top is nothing to get excited about yet anyway.
But if we continue lower tomorrow towards that all important 33120 level at wave ‘b’,
then a new low in wave ‘v’ of (iii) becomes a real possibility again.

Tomorrow;
Watch for wave ‘v’ be confirmed with a break of 33120 as shown.
The ideal target remains at 32400 for wave (iii).

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Let me start on the 4hr chart tonight.
The alternate count for wave [b] and [c] is best viewed here.

Wave [b] is shown as a triangle pattern,
and then wave [c] dropped hard out of that triangle into last weeks lows.
If wave [c] of ‘2’ is complete at that low of 1810,
then we are now embarking on a big upswing into wave ‘3’ red.
And that wave ‘3’ really could be a whopper for sure.
This alternate count requires a bullish higher low to be formed above 1810.
So lets see if that happens over the next few days.

Tomorrow;
Back to the main count.
Wave ‘iv’ has not been invalidated yet as you can see.
The rally has been strong into the highs today,
but this can happen in a ‘c’ wave rally also.

Watch for wave ‘1’ of ‘v’ to tur lower and break 1843 again to confirm this pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude continued lower today but the price is holding at a higher low above 80.74.
The low today almost hit the 78.6% retracement level of the wave (a) rally.
Wave (b) has completed three waves down now,
so I am looking for wave (c) of [ii] to rally from here and break 86.10 again in wave (c).

Tomorrow;
Watch for wave ‘i’ and ‘ii’ of (c) to turn higher and build a higher low above 83.00.
Wave (c) must complete five waves up to break 86.10 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The 4hr count gives some insight on the momentum position after the recent rally.
The current highs are as overbought a the previous wave (ii) high from early September.
That extreme led to an even more extreme decline to start wave (iii) down.
So,
Wave (iii) down is still in play here and I am looking for the market to fall into the 4100 area to complete that wave.

Tomorrow;
The small decline today is in three waves so I cant say that wave ‘iv’ of (iii) is complete yet.
Wave ‘v’ of (iii) should begin with a break of 4267 at the wave ‘b’ low.
However the wave ‘a’ top at 4325 is a good indicator level also.
Lets see if the market can follow through to the downside to begin wave ‘v’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has stalled out the rally today after hitting a very slight new high in wave ‘5’ of ‘c’.
the pattern is complete in wave (iv) now,
and I do want to see the price turn lower from here to signal wave (v) is underway.
I am watching that wave ‘a’ high at 21.29 as the key to the reversal into wave (v).
A break of that level will signal wave ‘i’ of (v) is underway.

Tomorrow;
Watch for wave (iv) to top and reverse into wave ‘i’ of (v).
Any further rally from here will force me to rethink the count.