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

https://twitter.com/bullwavesreal

EURUSD.

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EURUSD daily.

Well the price has finally begun to move lower into that fifth wave pattern.
Wave ‘ii’ of (v) has completed as a running flat correction at todays high.
And the price turned lower into wave ‘1’ of ‘iii’ this afternoon.
Wave ‘iii’ down must continue lower towards the 1.07 handle,
if that does not happen tomorrow then I will be forced to change to the alternate count.

Tomorrow;
Watch for wave ‘iii’ of (v) to fall in five waves towards 1.07 as shown.

GBPUSD

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GBPUSD daily.

Cable made an attempt to begin wave ‘iii’ of (iii) today with a spike lower into the center of the range.
I am calling this wave ‘1’ of ‘iii’,
but this count has not been confirmed yet,
we need a follow through to the downside again tomorrow.
And I am suggesting that wave ‘1’ of ‘iii’ should fall into the wave ‘i’ low at 1.2517.

Tomorrow;
Watch for five waves down in wave ‘1’ of ‘iii’.
Wave ‘ii’ must hold.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave (iv) finally showed it’s hand today.
The pattern completed a three wave sideways correction within a trend channel.
The low came in at 149.21.
So we have a completed pattern in wave (iv) that is holding above the wave (i) high at 148.82.
This pattern is valid.

Now we need a rally in wave ‘i’ of (v) to carry back above the recent high at 150.89.
And then a higher low in wave ‘ii’ of (v) should form early next week.

Tomorrow;
Watch for wave ‘i’ of (v) to continue higher in five waves to break above the wave (iii) high at 150.90.

DOW JONES.

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DOW daily.

A small move higher today brings the market back above the wave ‘i’ high again.
The action today was not very impulsive looking at all though,
so I am aware that there may be something else entirely different developing here.
An impulsive wave off the high again??
WE will have to wait and see.

Tomorrow;
Even if the market continues to grind higher,
that will still favor the wave ‘v’ idea.

I am only going to turn bearish again when we get an impulsive five wave decline that breaks the wave [iv] support at 37120.

GOLD

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GOLD daily.

Gold popped today and now the price is holding above 2045 as we hit the close.
This action favors the wave ‘3’ of ‘c’ idea at the moment,
but we need to see a rally to break 2065 to confirm wave ‘3’ of ‘c’.
So far the action is in line with the count,
but there is a lot more work to do here to complete the larger pattern.

Tomorrow;
Watch for wave ‘3’ of ‘c’ to trace out five waves up and break the 2065 as shown.

CRUDE OIL.

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So far the price has fallen in three waves off that recent top at 79.36.
This could be a correction within a larger wave (v) of [c],
but I am going to allow the main count another day to see which way the price moves.
A break above 79.36 will confirm the alternate wave (v) count.
A break below 75.76 will confirm wave (i) of [i].

Tomorrow;
Watch for wave (v) to hold.
wave (i) of [i] must continue lower as shown to break 75.76.

S&P 500.

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S&P 500 daily.

The S&P turned higher again today to confirm the move into wave ‘v’ of (v).
Wave ‘v’ must break above 5110 at a minimum.
and the higher target at 5215 remains where wave ‘A’ and ‘C’ reach equality.
It seems likely now that that is the target we should watch for.

Tomorrow;
Watch for wave ‘v’ pink to continue higher to finish the week at a new all time high.

SILVER.

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SILVER daily.

I am taking a little different view today on the recent action.
The overall pattern for wave (v) has not changed,
but the internal labelling has.

WAve ‘a’ of (v) is shown as a larger three wave pattern into this weeks lows.
Wave ‘b’ is almost complete after todays spike higher.
And that leaves wave ‘c’ of (v) to drop below support at 21.92 to complete the pattern.

The alternate count here takes a premature bullish stance.
Wave (i) and (ii) may now be finished with that small higher low this week.
I don’t prefer this idea,
but I can’t ignore it either.

Tomorrow;
Watch for wave ‘b’ of (v) to complete soon.
And then a turn lower into wave ‘c’ should begin,
maybe even by tomorrow evening.