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

https://twitter.com/bullwavesreal

EURUSD.

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EURUSD 4hr.

EURUSD daily.

the price has dropped in three waves into todays lows and because of that action I have switched to the alterate wave ‘ii’ idea.
Todays low marks wave ‘b’ of ‘ii’.
and wave ‘c’ should follow with a rally above 1.10 again to complete three waves up.

Tomorrow;
Watch for wave ‘ii’ to complete a three wave correction with a break above 1.10.
A drop back below 1.0875 again will signal wave ‘iii’ has begun.

GBPUSD

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GBPUSD daily.

A similar corrective decline today in cable suggests wave ‘b’ of (ii) is still in play here.
Wave ‘c’ should push back above 1.2770 to complete three waves up.
and then later this week we should see the price turn lower again to begin wave (iii) down.

Tomorrow;
Watch for wave ‘c’ of (ii) to complete a three wave correction below 1.2828.
Wave ‘i’ of (iii) should turn lower possibly by the end of tomorrows session.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave (ii) is still in play here tonight also after a pretty dead trade.
The action did drift higher,
but there is no indication yet that this is an impulsive rise into wave (iii).
I am going to allow for another day to see if we can clear up the correction in wave (ii).

Tomorrow;
Watch for wave ‘c’ of (ii) to fall back into the 50% retracement level at 143.00 to complete the correction.
I will then look for wave (iii) to turn higher off that level.

DOW JONES.

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DOW daily.

It has been a messy pattern in the DOW so far but the main count lives to fight another day it seems!
The market fell off that wave (ii) high early today,
and now we have another lower high developing below wave (ii).
It is possible that wave (iii) down is now beginning to unfold.
And if this is correct,
then we should see another step lower into wave (iii) over the coming days.

Tomorrow;
Watch for wave (iii) to build a five wave pattern to the downside and break 37000 at a minimum.
Wave (ii) should hold at 37695.

GOLD

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GOLD daily.

The pattern in gold has not advanced much today.
We seem to be drifting sideways again today.
I have labelled this move as wave ‘2’ of ‘iii’.
and this should be followed by a continued decline tomorrow into wave ‘3’ of ‘iii’ as shown.
Wave ‘iii’ pink should break below 2000 again with ease over the next few days.

Tomorrow;
Watch for wave ‘2’ to complete below 2064.
Wave ‘3’ down should step lower again tomorrow and break 2015 to signal the larger wave ‘iii’ pattern is correct.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The main count in crude is holding today after coming close to invalidation yesterday.
The price has recovered all of that last decline today,
and is now on the way to breaking 74.05 again to signal wave ‘iii’ of (c) is now in play.
If this pattern remains for wave (c),
then we should see a rally back above 76.00 by the end of the week.

Tomorrow;
Watch for wave ‘iii’ of (c) to continue higher and break the wave ‘i’ high at 74.05.

S&P 500.

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S&P 500 daily.

The rally yesterday pushed right up the ti 78.6% retracement level of wave ‘i’.
And now today we se another test of that Fib level.
So far the market is stalling at this retracement to complete wave ‘ii’.
And wave ‘iii’ down is now overdue to begin here.
I want to see wave ‘iii’ take over the action tomorrow with a drop back below the wave ‘i’ low at 4663.
If that happens,
then we have a pattern to work with.

Tomorrow;
Watch for wave The highs at wave ‘2’ to hold again.
Wave ‘iii’ of (i) needs to begin with a decline below 4663.

SILVER.

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SILVER daily.

ITs hard to believe that the price is stuck for another day between the fences of both counts!
I really can’t add much to last nights comments here,
The market needs to pick a wave pattern and get busy with it as they say!

A break above 23.50 will confirm wave ‘iii’ of (iii) of [iii] to the upside,
and a drop below 22.50 will confirm wave ‘iii’ of (iii) of [c] of ‘2’ to the downside.
And that is where we stand.

Tomorrow;
Lets see if the market will decide where its headed by breaking one of those levels.