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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The market barely moved today so the short term count has not changed.
So;
I am showing a possible alternate for the hourly count.
The price is holding above the wave ‘1’ high at 1.0867.
If that level holds,
this can be viewed as a low in wave ‘4’ of ‘c’ with wave ‘5’ left to run higher next week,
If that level breaks at 1.0867,
that will favor the wave ‘i’ down idea.

Tomorrow;
Watch for the price to break support at 1.0867 to confirm wave ‘i’ of (c) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is getting very close to the invalidation level at 1.2708 this evening.
A break of that level will invalidate the wave (v) of [c] count.
If that happens,
I will focus on a possible turn lower to begin wave [i] of ‘3’.
so the margin for error on the count is very tight now.

Monday;
the wave (i) high at 1.2708 must hold and wave (v) up begin with a spike back above the wave ‘b’ level at 1.2822.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY put in a nice rally today to almost hit the wave (a) low at 149.20.
the session higher came in at 149.16,
so I think the price action has done enough now to confirm wave (i) of [iii] is in play here.
IF wave (i) is now complete,
then it is time to look for a corrective higher low to build in wave (ii).

Monday;
Watch for wave ‘v’ of (i) to top out and reverse pretty soon.
Wave (ii) should fall back into the corrective range of the previous wave ‘iv’ pink,
that gives a target near 147.50 for wave (ii) next week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I have taken a different view on the pattern for wave [v] tonight.

The Dow has not broken support down below wave (iv),
nor have we see a break to a new high this week.
It is possible that the market is still stuck in a corrective decline in wave (v) of of [v].

In that case wave ‘b’ takes the low of the session today,
and wave ‘c’ will turn higher next week as shown.

This idea suggests the ending diagonal of wave [v] is on going and we will see a top for this pattern by midweek next week.

Monday;
The wave (iv) low at 38450 must hold.
Wave ‘c’ of (v) will turn higher to break 39290 early next week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am looking at another idea for wave (iv) in gold tonight.
Wave ‘a’ is now shown at Tuesdays low,
and wave ‘b’ has been tracing out a contracting triangle since then.

This pattern will allow for another sideways day in wave ‘b’ to complete the triangle.
before turning lower into wave ‘c’ by Tuesdays session.

Monday;
Wave ‘b’ of (iv) will complete a triangle near 2167.
And wave ‘c’ will be confirmed with a break of 2150 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is sitting at the highs of the week without moving much at all today.
because of this corrective action,
the rally in wave (v) is still in play here.

Wave ‘v’ should hit the upper trend line again at 82.00,
thereby filling out the trend channel and completing the pattern in wave [c] of ‘2’.

The rally so far has proved itself as a correction.
We have a possible three waves up all but complete now.
And the next significant move will be lower into wave [i] as shown.

Monday;
Watch for wave ‘v’ of (v) to complete at 82.00 and then turn lower into wave (i) of [i].

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I have shown another possible interpretation for wave (v) tonight.
the market is basically range bound this week,
and this action does suggest a correction in wave ‘iv’ is in play here.
Wave ‘iv’ will complete with a break of the wave ‘a’ low at 5090
and then wave ‘v’ will be set to turn higher next week.

this new pattern will be invalidated with a break of the wave ‘ii’ low at 5048.
As the wave ‘iv’ low must hold above wave ‘ii’ in an ending diagonal pattern.

Monday;
Watch for wave ‘c’ of ‘iv’ to find a low at 5090 and then turn higher in three waves in wave ‘v’ of (v).

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Five waves up in wave ‘v’ pink is now complete at the highs today.
the price has dropped of the session high as we hit the close,
and if this drop continues on Monday that will signal wave (ii) has begun.

I am looking for a three wave decline in wave (ii) to drop back into the 23.50 area as shown next week.
And if that goes to plan,
then silver will be setup for a major rally into wave (iii) of [iii] of ‘3’.

Tomorrow;
Watch for wave ‘a’ of (ii) to fall back into the 24.00 area to begin the correction.