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

Lies, Damned Lies, and statistics………

https://twitter.com/bullwavesreal

EURUSD.

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Well,
I think todays action has pretty much sealed the deal don’t ya think!

A vertical drop off the top has now invalidated last nights count,
and now we revert back to the previous wave count for wave (v) of [c] of ‘2’.

I did have a little hunch yesterday that this could be coming,
but a hunch is never confirmation of anything.

If wave (v) is now underway, then todays drop is wave ‘i’ of (v).
Wave ‘i’ has retraced almost into the wave ‘b’ level at 1.0518.
A break of that level will confirm this new count.

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to form a bearish lower high and lead the way into wave (v) for most of next week.
I am now looking at the 1.03 area to complete wave [c] of ‘2’.

GBPUSD

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The price action in cable has actually confirmed the wave count today.
Wave (i) of [v] has turned lower in a nice impulsive manner.
And the session low has almost reached the previous wave ‘iv’ low at 1.2163 again.
That was my confirmation level for the reversal.
So here we are.

Tomorrow;
Watch for wave (i) to break that wave ‘iv’ level at 1.2163.
Wave (ii) should form a lower high over the next few sessions.
And then wave (iii) of [v] should turn sharply lower to break 1.2036 next week.

USDJPY.

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The USD is un-stoppable these days!

Last nights count for wave ‘b’ was invalidated today,
but now I am looking at a possible expanded flat wave (a) down.
That will involve a new high in wave ‘b’,
and then a sharp decline into wave ‘c’ next week.
We will see how it goes from here,
but I must admit that I did not see this new high coming for sure.

Tomorrow;
I would prefer for wave ‘b’ to hold below the 150.14 previous high.
But if we do see a break,
that wont actually change the overall wave count for wave (a) blue.

DOW JONES.

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The Dow has turned lower with a nice impulsive move also today.
I will admit that I am quite relieved about this,
but its just a small first step towards the larger goal for wave ‘v’ of (iii).

I have labelled tonights lows as wave ‘1’ of ‘v’.
Wave ‘2’ will form a bearish lower high as shown either tomorrow or on Monday.
And the main decline in wave ‘v’ will take up most of next weeks action if this count is correct.

Tomorrow;
WAtch for wave ‘1’ and ‘2’ to form that impulse wave lower and then wave ‘3’ of ‘v’ should accelerate next week to break 32800 again.
The high at wave ‘iv’ must now hold from here.

GOLD

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I am definitely repeating myself a lot tonight!

But I am again pointing to a possible wave ‘1’ and ‘2’ decline to begin wave ‘v’ of (iii) here.
The decline off the weeks high today is not absolutely convincing yet,
but I a willing to give this idea another day to prove itself.
A break below 1843 again will signal wave ‘v’ has begun.

Tomorrow;
Watch for the high at wave ‘iv’ at 1885 to hold and then wave ‘1’ to fall and break initial support.

CRUDE OIL.

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Crude has upset the wave count slightly tonight.
The decline again today did invalidate last nights count,
but it can still be viewed as wave (b) of [ii] so far.
We have a possible three wave decline into wave (b) now holding a small higher low above 80.74.
And I am still expecting a rally into wave (c) over the coming few days.

Tomorrow;
Watch for wave (c) to continue higher and trace out five waves up to break 86.09 again at the wave (a) high.

S&P 500.

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S&P 500 4hr

S&P 500 daily.

The S&P has reversed in a favorable manner also today.
the low a few minutes ago did tag the initial support level at 4325.
I have labelled this turn down as wave ‘1’ of ‘v’ of (iii).
Wave ‘1’ and ‘2’ must form a solid lower high tomorrow.
and then a full blown acceleration lower into wave ‘3’ of ‘v’ should come early next week.
4100 is still my favored target level for wave (iii) to complete,
but I know this is a stretch goal at this point.
Lets just see how this pattern develops.

Tomorrow;
Watch for wave ‘iv’ to hold at todays high.
Wave ‘v’ must continue lower over the coming days and complete five waves down to break 4199 at a minimum.

SILVER.

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I know,
I am repeating myself again!

Silver has turned lower off a fourth wave high today also.
The decline has not confirmed wave ‘i’ of (v) yet,
But a break of 21.29 again will do just that hopefully tomorrow.
I am also looking for five waves down into wave (v) blue over the coming few days.
This should complete with a break below 20.67 at a minimum.
But,
wave (v) must complete above 19.87 at the invalidation line.

Tomorrow;
Watch for wave ‘i’ to break the wave ‘a’ level at 21.29 again.