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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A pretty sharp drop off the top of wave ‘ii’ happened today.
While the count for wave (c) has not been confirmed yet,
that move lower has given a boost to the main wave count for wave (c) at least.

The price dropped to begin wave ‘iii’ of (c) today and this wave should continue lower in five waves overall.
I expect wave ‘iii’ will find a low near support at 1.0690 again next week.

Tomorrow;
Watch for the wave ‘ii’ high to hold at 1.0940.
Wave ‘iii’ down must now trace out five waves down towards support at 1.0690.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable turned lower in a pretty sharp fashion today also.
The high of wave ‘ii’ came in at 1.2802,
and then we got an immediate reversal in an impulsive manner today.
the price has now broken the wave (i) low at 1.2666 this evening,
and if wave (iii) of [i] is now underway here,
then we should see a five wave pattern continue lower over the coming days,
and wave (iii) should complete near 1.2500.

Tomorrow;
Watch for wave (ii) to hold at 1.2802.
Wave (iii) down should trace out five waves down from here.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is holding at the highs of the week this evening after a sharp rally today again.
I have labelled the pattern as wave ‘a’ and ‘b’ of (ii) here.
With wave ‘c’ left to continue lower into the 50% retracement level over the coming days.

This pattern is calling for one more push lower in wave ‘c’ as shown.
But if the rally continues back above 152.00 again tomorrow that will signal wave (ii) is already doen and wave (iii) of [iii] may well be getting going.

Tomorrow;
Watch for wave ‘c’ of (ii) to fall back again towards the 50% retracement level at 149.15.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The action today has now traced out a five wave pattern higher off the recent low.
I am giving the ending diagonal idea a rest for tonight.
And I am showing another possibility to explain the recent sideways action.

Take a look at the 4hr chart.

If we move up the wave [iv] label to this weeks lows,
then the long sideways range can be labelled as a triangle in wave [iv].
And now the rally out of that level is labelled wave [v] of ‘C’ as shown.

This new high is wave [v] has created a solid throw over that has broken out above the upper trend line today.
And that should prove to be the final move in wave [v] of ‘C’ of ‘B’.
We still have no sign of a top in place yet for wave [v].
That will come with a break below the wave [iv] low at 38690 again.

Tomorrow;
WAtch for wave [v] green to complete five waves up.
A break below wave [iv] again at 38613 again will signal wave [v] if complete.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold spiked to a new high today and then reversed off that high again in a sharp fashion.
The price action this week has not developed as expected into wave (iv).
but I am looking now at a high for wave (iii) at todays top.
and then wave (iv) down should follow.

The price has traced out three waves down off the top so far.
And this action suggests a flat correction for wave (iv) blue.
If that is correct,
then wave (iv) will take us well into next week.

Tomorrow;
Watch for wave ‘a’ and ‘b’ to create a solid lower high as shown.
And wave ‘c’ of (iv) will then complete the pattern with a fall into the 2120 area later next week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Well the price of crude is beginning to show a possible reversal pattern off the top of wave ‘2’ now.
it is still early days here,
but I can see a possible five wave decline labelled wave (i) now.
and if we see a corrective lower high tomorrow in wave (ii),
that will suggest wave (iii) down will turn sharply lower again next week.

Tomorrow;
Watch for wave (ii) to complete a lower high near 82.00.
A decline in wave (iii) of [i] wil reach towards the support at 76.55 again next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has hit the upper trend line today and with that we have a the basic outline of wave (v) now in place.
Five waves up as an ending diagonal,
complete with the full three wave break down within each sub wave.
The internal pattern of wave ‘c’ of ‘v’ of (v) might manage another pop higher tomorrow,
but overall,
this ending diagonal pattern has done enough.

Tomorrow;
Watch for a drop off into support at wave ‘iv’ at 5100 to signal wave (v) is actually complete.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver retraced back below the previous wave ‘a’ low today with that sharp drop off the highs.
The price has done enough already to complete an expanded flat correction.
But I am going to allow for a larger decline in wave ‘c’ towards the 50% retracement level at 23.67.
That will complete a clear (i) (ii) pattern to begin the larger rally into wave ‘3’.
And when that rally gets going finally,
then we will be looking towards new all time highs in silver later this year.
One step at a time though.

Tomorrow;
Watch for wave ‘c’ of (ii) to fall in five waves towards the 50% retracement level of wave (i).