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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is backing off the top of last weeks rally again today,
but the action is still a little timid to be counted as a confirmation of the reversal into wave (c).

We have a five wave rally in place into the top at wave ‘c’ of (b).
Wave (b) topped out just above the 62% retracement.
And so far the price has dropped off that wave (b) high.

WAve (c) down should start this week,
and I am looking for a break of the wave ‘b’ low at 1.0795 to confirm the pattern.

Tomorrow;
Watch for wave ‘i’ of (c) to fall below the wave ‘a’ high at 1.0888 as a signal that wave (c) is beginning.
Wave (b) should hold as this pattern develops.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has dropped in three waves off that wave (iii) high at 1.2893.
The action is looking corrective so far,
And I am suggesting this move is wave ‘a’ of (iv),
and wave ‘b’ and ‘c’ should make their way lower to complete a three wave correction over the next couple of days.

Tomorrow;
WAtch for wave (iii) to hold at 1.2893.
WAve ‘b’ should top out below that level.
And wave ‘c’ will then turn lower again by midweek.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is holding at the lows of last week again today,
and I am now thinking that wave ‘v’ of (c) is still in play here
the sideways move today is suggested as a correction within wave ‘v’,
and in this scenario,
one more drop will come to complete the pattern in wave ‘v’ of (c) of [ii].
The support at the previous wave (iv) at 145.89 is a juicy target that has not been hit yet,
so,
expect to see a drop into that level before wave (i) up begins.

Tomorrow;
Watch for wave ‘v’ of (c) to fall into support at 145.89 and then we should see a rebound higher into wave (i) blue.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The action in the DOW gets messier by the day!
We are still working with a possible higher low in wave ‘b’ of (v) today.
Wave ‘c’ of (v) can run higher now to complete the ending diagonal pattern over the coming days as shown.
So this pattern is intact for the moment.
A larger turn down to break the wave (ii) low at 38000 area will change that view.
So you could say that this pattern is a little bit on the edge here.

Tomorrow;
Watch for the wave (iv) low to hold and wave ‘c’ of (v) to continue higher as suggested.
A new high will compelte the ending diagonal pattern in wave [v] green later this week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding pretty flat today under the previous wave (iii) top.
There is no confirmation yet if wave (iv) has begun here,
but a drop back into the 2150 level will confirm that idea this week.

I have shown a larger wave (iv) pattern tonight to bring it into proportion with the recent wave (ii) pattern.
and a sideways correction in wave (iv) must hold above the wave (i) highs at 2088.
So we have a possible template of what to expect over the coming week for wave (iv) now.

Tomorrow;
We should see a move lower into wave ‘a’ of (iv) in the coming days.
Wave ‘a’ should break 2150 as a minimum I suspect.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has only traced out three waves lower off the top as shown,
and this decline has not broken the support at wave (iv) yet either.
So I am still waiting for confirmation here for wave (iii) of [i].
And that idea will get a big boost with a break of support at 75.76.

Tomorrow;
Watch for wave ‘2’ to hold at 80.48 again.
Wave (iii) of [i] should break below 75.76 tomorrow to confirm the pattern.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is levitating above the wave ‘iv’ support also tonight.
And that level is the test for this impulsive decline pattern that I am showing here.
Wave ‘i’ and ‘ii’ will complete a lower high tomorrow,
and then wave ‘iii’ of (i) will accelerate to break support decisively later this week if all goes to plan here.
It is an interesting idea here,
and it will require a substantial move pretty soon into wave ‘iii’ down if this is correct.

Tomorrow;
Watch for wave ‘iii’ of (i) to fall and break support at 5056 to signal wave (i) is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have shown a larger correction for wave ‘iv[ in silver tonight also.
this correction must continue for the next few days,
and that will hold above 23.50 at the wave ‘i’ high.
A break of that level will flip this count back to the bearish interpretation again.
so this is an important few days here for the bullish idea.

Tomorrow;
watch for wave ‘iv’ to continue sideways in a corrective form as shown.
this correction should last the week and hold above the wave ‘i’ high at 23.50.