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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The pattern on the hourly chart has not proven itself yet after a rebound in the price this afternoon.
I can say that the main pattern is the best fit at the moment.
So the chance of a third wave acceleration lower is still on the cards.

The next best fit pattern for wave [c] of ‘2’ is a possible three wave decline rather than a normal five wave pattern.
That would classify the whole of wave ‘2’ as a combination wave.
And in that scenario the sideways action over the last week is all part of wave (b) of [c].
and we can expect wave (c) of [c] to fall into a similar target as the main count.

Tomorrow;
Watch for wave ‘ii’ to hold at 1.0931.
Wave ‘iii’ down must turn lower to confirm this count.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Ok this evenings rally has forced a rethink of the pattern for cable.

The price has gone sideways for long enough to call this a triangle correction within the larger pattern.
I have labelled this triangle as wave (iv) of [c] of ‘2’.
Wave (v) has now burst higher today,
and we should see a new high to complete wave [c] and wave ‘2’ above 1.2828.

Tomorrow;
Watch for wave (v) to continue in a five wave pattern and complete next week above 1.2828.
I am going to wait for this fifth wave to develop a little more before setting any target on it.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

There is actually a small five wave pattern in wave (c) complete at todays lows.
And the price has filled the trend channel for wave [ii] by hitting the lower channel line.
The wave [ii] correction has hit completed its minimum expected pattern now,
even though we have not seen a drop into the 50% Fib retracement area yet.
that may happen,
but I we may already have enough here to call this pattern done.

Tomorrow;
Tomorrows trade will tell us a lot on the progress of this pattern.
A sharp bounce to break above 148.00 again will signal wave [ii] is complete.

Lets see how it goes.
If wave [iii] is coming our way next week,
then it will be worth the patience here.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A five wave decline into the session lows today,
but now we have a the ever present buy the dip reaction from the crowd.
The market is sitting at a lower high this evening,
so we will see if that lower high will hold tomorrow to give us an indication of the direction of trade next week.
I am willing to suggest that if the market breaks lower tomorrow and falls back into the wave (iv) lows,
then next weeks trade could easily follow through to the downside.
The pattern is at an interesting junction at the moment given we have five waves up complete at this weeks high.
So next week could be very interesting indeed.

Tomorrow;
Watch for that wave (v) of [v] top to hold and we will see if the market will challenge support at wave (iv) again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

the final moves of wave ‘ii’ are turning out to be quite the challenge to read.
The price has whipped around all over the place today and after spiking above the 62% retracement level this afternoon,
now we have a drop back to the trend channel line again.

The main take away for me here is that the three wave correction higher in wave ‘ii’ is still solid.
And wave ‘iii’ down should begin pretty soon.
The session high today also hit the level of previous two highs at 2060.
that level offered resistance previously,
so we will soon see if that resistance holds this time.

Tomorrow;
Watch for wave ‘ii’ to complete finally.
the price must fall back below the wave ‘i’ lows at 2001 again to confirm wave ‘iii’ down.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude ruled out the final fifth wave top today by breaking back below the previous wave ‘i’ high at 75.45.
So;
It is possible that the wave [iv] correction is now complete at this weeks high.
I am showing a possible wave (i) decline off that high in play at the moment.
We don’t have five waves down yet to confirm this count.
And I want to see a break of the wave (b) low at 72.50 again at the low of wave (i).
but for now we can work with the idea that wave (i) of [v] is now underway.

Tomorrow;
Watch for wave (i) to continue lower to trace out five waves and break 72.50 over the next few days.
75.80 must hold at the wave ‘i’ low for this count to remain valid.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am going to test this alternate count for wave (v) blue tonight.
the rebound this evening has impulsive potential and it might be a bit foolish of me to suggest otherwise.

Wave (iv) completed an expanded flat correction at last nights lows.
and now we should see a rally to a new high in wave (v) of [v].
This pattern will be complete early next week if all goes well tomorrow.

Tomorrow;
Watch for wave (v) blue to trace out five waves up as shown.
This rally will complete the the wave ‘C’ of (B) top next week
And then I can look lower again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

It seems like every asset has rallied today apart from crude oil??
That is one market should be on a tear higher given the geo political circumstances in the middle east and russia.
So it just goes to show us one thing,
markets are not rational in the least………

Silver turned higher today and is sitting just below the wave (iv) top registered yesterday.
the action in wave (v) so far is not very favorable.
So we could see a new high in wave ‘c’ of (iv) tomorrow.
And that will postpone the decline into wave (v) until next week.

As per usual,
the fourth wave correction is proving difficult to pin down.
So I am going to give this pattern another day to clear up before calling wave (v) a sure thing!

Tomorrow;
Lets see if the alternate wave (iv) pattern will be triggered with a break of 23.32.
I will look for wave (v) to begin again next week either way,
and this pattern in wave [c] should complete with a break of 21.90 again at the very minimum.
the ideal target for wave [c] of ‘2’ is at 20.68 with a break of the wave [a] lows.