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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD remains stuck in the sideways pattern today and with that I am looking at another interpretation.
It is possible that wave ‘3’ of ‘iii’ is already complete at this weeks lows.
And this corrective move sideways is actually wave ‘4’ of ‘iii’ as shown.
Wave ‘4’ is moving within a trend channel in three waves.
and the price should be approaching the top of wave ‘4’ now.
If this pattern is correct,
we should see a top in wave ‘4’ tomorrow,
and then a drop back to a new low in wave ‘5’ of ‘iii’.

Tomorrow;
Watch for wave ‘4’ to top out and reverse into wave ‘5’ to complete the larger wave ‘iii’ pink,
Wave ‘4’ must complete below the wave ‘1’ low at 1.0812.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable did create a higher low above the wave ‘i’ low today.
that should complete wave ‘b’ of ‘ii’.
And now we have a rally to complete eh session which begins wave ‘c’ of ‘ii’.
Wave ‘ii’ should complete tomorrow with a break of the wave ‘a’ high at 1.2641.
That level marks the minimum target for wave ‘ii’,
but I do expect a top near 1.2690 to complete a standard zigzag correction.

Tomorrow;
Watch for wave ‘b’ to hold at todays lows.
wave ‘c’ should continue higher and top out close to 1.2700 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am taking a different approach to USDJPY tonight after that price rallied more than expected today.
This action is better suited to a top in wave (i) blue.
and todays rally is viewed as wave ‘v’ of (i).
Wave (ii) should turn lower pretty soon.
With a low in in wave (ii) suggested in the area of 147.50 again.

Tomorrow;
Watch for wave (i) to top out and then reverse into wave ‘a’ of (ii).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW completed a small correction in wave ‘iv’ today and then turned higher off that level again.
This rally is labelled wave ‘v’ of (v) now.
And the minimum target lies at the wave (iii) top at 38780.
This pattern should bring the market to a new all time high tomorrow,
and that will open up next weeks trade for a possible reversal again.

Tomorrow;
Watch for wave (v) blue to top out with a break above 38780.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

the price traced out a three wave drop in gold this week,
and now we have a higher low in place above wave ‘1’.
Wave ‘2’ is working its way higher in a corrective manner so far.
And wave ‘2’ should complete three waves up near 2045.
This level marks the 62% retracement of wave ‘1’,
and at that point the price will complete a bearish lower high to lead the market into wave ‘3’ of ‘iii’ down next week.

Tomorrow;
Watch for this correction to complete at the 62% retracement level at 2045.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I always get a little worried when a market completes a pattern as suggested,
because this is the point where I can be proved wrong!

Crude oil rallied today in wave ‘c’ of (ii) and hit the 62% retracement level of wave (i) at the highs.
The price has now done enough to call this pattern complete.
And wave (iii) down should get underway from here.

Tomorrow;
Watch for wave ‘c’ of (ii) to top out pretty soon now.
And I would even like to see the initial turn lower into wave ‘i’ of (iii) begin before the end of the session.
A break below 74.00 again will favor this wave count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am labelling wave ‘v’ of (v) tonight with its own pattern on the verge of closing out.
A small new high tomorrow will complete a full five wave pattern within wave ‘v’ pink.
And so that move will also close out the larger series of patterns all the way up to wave (B).

There is not a whole lot else to add to this pattern now.
The sentiment and momentum pictures are holding at similar extremes and developing divergence.
And so the market remains in denial of the position we are at.
Even though this denial has lasted for to long now,
it is very obvious that this situation will not remain.

Tomorrow;
Lets see how wave ‘v’ pink finishes the larger pattern.
A trap door situation still remains here so that can happen any day now.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have switched to the alternate wave (iv) pattern tonight after a reversal higher this afternoon.
The price has only completed three waves down off Last weeks highs now.
And the price completed a higher low.
So the alternate count fits the action a little better now.

Wave (iv) will complete three waves up with a break of 23.31.
And when that happens,
I will then look lower again into wave (v).

Tomorrow;
Watch for wave ‘c’ of (iv) to continue higher in five waves to close out this trend channel with a break above the wave ‘a’ high.