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

I don’t know about you, but I get the feeling that we just witnessed the beginning of a major world conflict this weekend.

I think Iran just overstepped the mark and have walked into a major fight with the U.S.

This situation has the potential to burst into flames regionally. God help us all…..

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is really slow-walking this move into wave ‘iii’ of (iii).
I am sticking with the idea that this is wave ‘iii’ now beginning here even with todays action,
but I want to see a proper acceleration lower in the next day or so wo confirm this pattern.

Tomorrow;
Wave ‘3’ of ‘iii’ must turn lower tomorrow to begin that acceleration.
Wave ‘2’ should hold at 1.0884.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A similar problem is arising here in cable today.
the price has rebounded off the session low again this evening,
and that raises a question about the pattern for wave ‘1’ and ‘2’ in black.
I can still allow for a running flat correction in wave ‘2’ as shown.
That declining trend line should hold this rally in that scenario.
Wave ‘2’ will top out at 1.2730 or there about.
And from there I will be looking for that drop into wave ‘3’ which has failed to start so far.

Tomorrow;
Watch for the wave ‘ii’ high to hold at 1.2774.
Wave ‘3’ of ‘iii’ of (iii) down must begin with a sharp turn lower to break 1.2650.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am revising all three USD counts tonight after another day of corrective action.
USDJPY is no different.
The rally in wave ‘v’ has failed to begin today,
So, the correction in wave ‘iv’ is now shown as a possible triangle.

Wave ‘c’ is falling now and that should complete soon,.
Wave ‘d’ and ‘e’ will contract the price range even further tomorrow to finish off wave ‘iv’ pink.
And wave ‘v’ of (iii) will have to wait until later in the week if this count holds.

Tomorrow;
Watch for wave ‘iv’ to trace out five internal waves as shown,
The triangle should complete near 147.50.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another spike higher this evening brings to a close the current wave count for wave (v) blue.
the internal pattern of the ending diagonal is complete this evening.
Now it remains to be seen if this action closes the larger pattern for wave [v] green.
And that is the bigger question for this pattern now.
We have a five wave pattern in place for wave [v] green,
but is this enough to cause a reversal into an impulsive decline.
WE will see this week.

Tomorrow;
Lets see if this new top in wave (v) of [v] is confirmed with a decline in five waves.
the key level here is the wave [iv] low at 37120.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is refusing to break above the 2039 high to complete three waves up in wave ‘2’.
The action remains pretty corrective to the upside also.
So the wave ‘2’ pattern is not yet complete here.
I will give this another day to see if we can fill the trend channel near 2045,
and then turn down to begin wave ‘3’ later this week.

Tomorrow;
Watch for a three wave pattern to complete in wave ‘2’ near 2045.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

An early high in crude actually broke into the 79 handle today to complete wave ‘iii’ of (c).
That did not last long though,
and wave ‘iv’ fell back off the high pretty quickly.
The decline has come far enough to complete wave ‘iv’ this evening.
So I will be looking for wave ‘v’ to begin tomorrow to complete near 79.50 later in the week.

Tomorrow;
Wave ‘iv’ must complete above the wave ‘i’ high at 75.45.
Watch for wave ‘v’ to begin before the end of tomorrow.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The pattern in wave (iv) is quite small I will admit,
but the rally this evening does look impulsive again,
so that action fits a fifth wave rally.

With that in mind I can label wave (iv) complete as a running flat at todays lows.
and wave (v) of [v] now underway.
I do not know how far wave (v) will go to close out the larger pattern.
So its just a matter of tracking this as we go.
The 5000 figure is so close now that it seems likely that wave ‘C’ will hit that level before making any attempt to turn lower again.

Tomorrow;
Watch for this five wave pattern in wave [v] green to close out this week.
Wave (v) of [v] is underway now.
so lets see how far it goes over the next few sessions.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at another pattern in wave [c] of ‘2’ this evening.
Take a look at the 4hr chart to get a clearer picture.

WAve [c] may be tracing out an ending diagonal to complete wave ‘2’ now.
IF that is the case,
then we are quite close to hitting the final low of this wave.
And wave [c] may even complete this week.

WAve (iv) of [c] is underway at the moment and the price has reached back above the wave (i) low already.
I am looking for a reversal into wave (v) to begin soon.
and then wave (v) should complete with a break of 20.68 again.

If this pattern is correct,
then we are getting very close to a good buying opportunity as wave ‘3’ should carry the price much higher for the rest of this year.
Lets complete this pattern first before getting too excited.

Tomorrow;
Watch for wave (iv) to top out near 2350 at the previous high.
Wave (v) should then fall in three waves for the rest of the week.