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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Well,
todays trade did not prove or disprove the short term count either.
I will keep going with the main idea here until I can fully disprove it by the action.

The price managed to punch to a new low again and traced out three waves up today and that
So far this action can be viewed as a corrective rally to a lower high to begin wave ‘3’ of ‘iii’.
I will admit again that the price is taking a long time to move into wave ‘iii’ here,
but so long as the shoe fits,
wear it!

Tomorrow;
Watch for wave ‘2’ to hold at 1.0884.
WAve ‘3’ of ‘iii’ down will turn lower again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

We have an overall contraction in the price range in cable over the last month,
and I think the pattern will be resolved here with a break out of this triangle one way or the other.
A break higher will invalidate the main count I am working with.
And a break lower will confirm it.
This decisive move should happen this week.

Tomorrow;
Watch for wave ‘3’ of ‘iii’ of (iii) to turn lower again.
A break of 1.2640 now will signal wave ‘3’ is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The triangle in USDJPY is holding again today.
Wave ‘c’ bottomed above 146.64 and turned higher this evening.
That leaves waves ‘d’ and ‘e’ left to compelte this pattern.
Wave ‘d’ should top out below 148.32.
And wave ‘e’ will then close out this triangle pattern in wave ‘iv’ near 147.30.

Tomorrow;
Watch for wave ‘iv’ to continue for another day or so and complete near 147.30.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am now chasing wave (v) of [v] higher today with another gravity defying spike to the upside.
There is a big question regarding the final form of this wave (v) blue.
It seems we are breaking out of the ending diagonal idea.
That pattern should find a final form this week.

The rally in wave [v] green has now reached above the 62% Fib level of the size of wave [i].
The top this evening has split the difference between the 78.6% level.
So we are drawing closer to that general Fiboacci equality between wave [i] and [v].

On the 4hr chart we have reached another interesting point.
WAve ‘C’ and wave ‘A’ have now reached equality in this wave (B) rally.

All in all,
the larger pattern is done here.
The short term is yet to be decided.

Tomorrow;
Watch for wave (v) to close out and bring the larger pattern to and end.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has now completed a three wave correction in a trend channel labelled wave ‘2’.
the price topped out at the 78.6% retracement level of wave ‘1’ this evening.
And the price managed to reverse lower with a nice spike off the top also.
As far as I can say here,
the correction is done in wave ‘2’,
and we should expect a new impulsive pattern lower in wave ‘3’ of ‘iii’ for the rest of this week.

Tomorrow;
Watch for wave ‘2’ to hold at todays high.
Wave ‘3’ will be confirmed with a break of 2001 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude came close to hitting the wave ‘i’ high today by about 35 cents at the wave ‘iv’ low.
The pattern avoided an overlap though,
the price turned higher into wave ‘v’ in an impulsive manner this afternoon again.

So the main wave count for wave (c) is still in play here.

Tomorrow;
Watch for wave ‘v’ of (c) to top out above 79.22 and that should be enough to complete the larger wave [iv] pattern.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is close to a five wave pattern in wave (v) blue now and that pattern should be complete this week.

The sideways action today is viewed as wave ‘iv’ of (v).
And wave ‘v’ is left to close out this current pattern.
So lets see how the market reacts to the Fed ramblings tomorrow.
The probability of a sharp rally tomorrow is quite high and that could be enough to do it.

Tomorrow;
Watch for wave (iv) to hold at 4874.
Wave (v) will complete a five wave pattern with one more rally.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The new pattern for wave [c] of ‘2’ has not been confirmed yet,
but the action this week does look quite corrective to the upside.
and this action fits with the idea of a fourth wave correction.

Wave (v) down is left to complete this pattern for wave [c].
And I am reasonably confident that wave (v) will begin this week.
A break above 24.60 again will rule out this pattern.

Tomorrow;
Watch for wave (v) to turn lower again.
A break of the wave (i) low at 22.50 will signal wave (v) is underway.