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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The price finally dropped below the wave ‘i” low at 1.0876 today which rules out last nights count.
However this does suggest wave ‘ii’ is now underway,
and we can expect further declines this week into wave ‘iii’ pink if the main count holds.

Tomorrow;
Watch for wave ‘ii’ to hold at 1.0998.
wave ‘iii’ down must trace out five waves down from here.
and wave ‘2’ should form a lower high below that level.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has moved lower today in line with the main wave count.
The price has not broken the wave (i) low yet at 1.2610,
but that could happen by the end of this session.

If the main count is correct,
then wave ‘i’ of (iii) should break the 1.2610 and wave ‘ii’ will complete a bearish lower high as shown.
Wave ‘iii’ of (iii) will then be set for an acceleration lower to 1.2500 again by the end of this week.

Tomorrow;
Watch for wave ‘i’ to break the initial support at 1.2610.
Wave ‘ii’ can then correct higher in three waves.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The wave count is USDJPY is hold solid again today with a further rally into that third wave up.

The price broke above the wave ‘i’ high at 146.40,
and with that action,
the pattern suggests wave ‘iii’ of (iii) is now in play here.
this wave has the potential to break 150.00 again if all goes to plan here.
so this will be an interesting week for the USD all round it seems!

Tomorrow;
Watch for wave ‘ii’ to hold at 144.35.
wave ‘iii’ must trace out five waves up towards the 150.00 level over the rest of this week.
Wave (iii) blue will reach equality with wave (i) at 149.12.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW as fallen back to that previous wave (iv) low, so the wave (i) wave count gets a boost this evening.
The pattern off the high is not in five waves yet,
and even now I down think wave ‘iii’ of (i) is complete.
It will take another few days to confirm five waves down as shown.
And I am looking at the wave ‘a’ low of 37000 again as a target for that wave (i) pattern to complete.
There is work to be done here,
but I will be watching this one closely.

Tomorrow;
Watch for wave ‘iii’ to fall into that lower support level at 37000 to complete.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has fallen back into the main pattern today also.
The idea here is for a third wave extension to fall back into 1972 this week.
Wave ‘iii’ of (iii) si expected to achieve that over the coming days.
2013 marks the wave ‘b’ low,
and this forms initial support for the price at the moment.
Wave ‘iii’ should be able to break through that level with ease if all goes well here.

Tomorrow;
Watch for wave ‘ii’ to hold at 2062.
wave ‘1’ of ‘iii’ should break 2013 to confirm this short term pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The triangle pattern in crude for wave (b) of [iv] is continuing again today.
The price bottomed at 71.32 for wave ‘c’ of (b) last night.
And now wave ‘d’ has turned higher today.
the action still look’s corrective to the upside today,
and that continues to fit this pattern well.
Wave ‘d’ should top out below 75.26 at the wave ‘b’ top.
And then wave ‘e’ will complete the pattern by Thursday evening at the latest.

Once the triangle is in place,
then we can look to a rally into wave (c) by next week.

Tomorrow;
Watch for wave ‘d’ to top out below 75.26.
The triangle will be invalidated with a break below 71.32 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

There is nothing to add to the pattern here as we have not seen much of a decline in the S&P today.
The price should continue lower in five waves to break 4660 this week if this pattern holds up for wave (i).
So we must see progress in this pattern tomorrow.

This market has defied the odds over the last month as we have not seen a break to a new all time high here as in the DOW.
I am holding out hope that this fact will continue,
and the wave ‘2’ count will hold.
On the longer term charts it is very ease to pick the current situation as a dangerous precipice.
As the same conditions led to the last three steep declines on the daily chart.
And the 4hr chart shows a very obvious divergence over the last month also.
There has not been any consequences to this setup yet.
But history suggests that will change.

Tomorrow;
Lets see if the market will follow the DOW to break below the previous corrective range over the coming days.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at the possibility of a larger wave ‘ii’ pink tonight after a clear corrective decline in the action today.
The price is holding above the wave ‘i’ low at 22.46,
and the decline has traced out three waves down to a lower high in wave ‘b’.
The current pattern suggests ‘c’ of ‘ii’ will turn higher to break 23.52 as shown.
And wave ‘iii’ of (iii) will then be ready to drop back below 21.40 by the end of this week.

Tomorrow;
Watch for wave ‘c’ of ‘ii’ to complete with a break of 23.52.