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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We are still waiting for wave ‘i’ and ‘ii’ to create that lower high off the top of wave (iv).
The action today brought the price back towards the wave ‘b’ low again.
That support level holds for the moment at 1.0494.
A break of that level will pretty much confirm wave (v) is underway.

Tomorrow;
Watch for wave ‘ii’ to rise in three waves and complete near 1.0610 again.
Wave ‘iii’ of (v) will be confirmed with a drop back below 1.0447.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

the price managed to hit a new low at 1.2069 for wave ‘i’ of (iii) today.
We have a rebound off that low again this evening and I am suggesting that wave ‘iii’ is now underway.
Wave ‘ii’ can rise in three waves back towards the 1.2180 level again which will hit the 50% retracement level of wave ‘i’.
Then wave ‘iii’ down should fall back below 1.2036 at wave (i).
This next move down in wave ‘iii’ of (iii) will confirm the larger pattern.

Tomorrow;
Watch for wave ‘ii’ of (iii) to complete near 1.2200.
WAve ‘iii’ down may even turn lower again before the end of the session.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Todays action could well be a throw-over to complete the ending diagonal pattern in wave ‘c’ of (b).
The reversal off that top was impulsive all right,
and now the price is holding at a lower high again.
I am labelled this decline as wave ‘1’ and ‘2’ of ‘i’ of (c).
That may be a mouthful,
but in essence this means wave (c) down will fall in five waves to a new low below 147.25.

Tomorrow;
That session high at 150.77 should hold.
And wave (c) is expected to continue lower towards the target level over the coming few days.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow hit the minimum target to complete wave ‘5’ of ‘v’ today.
I have mentioned the lower target at 32400 numerous times now,
and I would still prefer to see that target hit to be honest.
But I am also aware that I may have to make do with this minimum target.
We will see I suppose.

No matter how wave ‘v’ of (iii) completes,
the idea for next week will focus on a correction into wave (iv) blue.
Ind that wave can easily take all week to grind our way through.

Tomorrow;
Watch for wave ‘5’ of ‘v’ to fall into 32400 and then I will look higher for wave ‘a’ of (iv) to begin.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold did manage to spike lower after creating a lower high in wave ‘b’ today.
Most of that decline has been retraced this evening.
So its not certain that wave ‘c’ is underway yet.
If the price continues lower early tomorrow,
that will favor the main count.

In the ideal scenario,
Wave ‘c’ should fall in five waves and break below 1953 again at a minimum.

Tomorrow;
Watch for wave ‘c’ of (a) to turn down again and hit that minimum target at 1953.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The pattern in wave (i) and (ii) has worked out pretty well so far.
and today we have a higher low in place in a possible wave ‘b’ of (ii).
the pattern suggests wave ‘c’ will head higher tomorrow and hit the wave ‘a’ high at 85.40 at a minimum.
86.75 marks the 62% retracement level of wave (i),
so that level is the upper end of that target range for wave (ii).

Tomorrow;
Wave ‘c’ should trace out five waves up and break 85.40 at a minimum.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has done a better job a reaching the lower target area at 4100 today.
The low of the session did not quite reach that target at the Fibonacci extension.
but It is close enough to call it a day I think!

Wave ‘v’ pink has completed a five wave pattern.
and the internal pattern of wave ‘5’ black has also traced out five waves down.
The low of the session came close to closing the trend channel again also today.
So the signals are piling up here to suggest wave (iii) is very close to complete now.

Tomorrow;
Watch for wave ‘v’ of (iii) to close out and reverse higher into wave ‘a’ of (iv).
Wave ‘a’ should trace out three waves up and break above 4200 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver completed a three wave expanded flat in wave ‘b’ today as suggested.
and the top of the session reached 23.12.
The price then spiked lower off wave ‘b’ and the low of the session hit a new low for the decline.
I am suggesting now that wave ‘c’ of (ii) is now underway.

The pattern so far has been pretty choppy into wave (ii),
And I expect that to continue.
So I will watch for development of wave ‘c’ of (ii) closely tomorrow to see if it stays within the bounds of a five wave pattern.

Tomorrow;
Watch for wave ‘b’ to hold at 23.12.
Wave ‘c’ should continue lower in five waves as shown.
I am looking at that 50% retracement level at 22.18 to complete the pattern.