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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is lower today off that possible wave ‘2’ high but I am not convinced that we are out of the corrective phase just yet.
Wave ‘2’ could be moving sideways in a channel to create a larger three wave corrective pattern,
and I have shown this as a possibility this evening.
Wave ‘3’ will begin with a break of support at 1.0795,
when that happens we can concentrate on the low end of this move into wave [c] of ‘2’.

Tomorrow;
WAtch for wave ‘2’ to complete with a break of support and a continuation lower in wave ‘iii’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Its a similar corrective conundrum tonight in cable!

Wave ‘iii’ down has not been confirmed by a break of the wave ‘i’ low at 1.2574.
There is also a possibility here that wave ‘ii’ will extend sideways as shown.
A turn back down again to break the wave ‘i’ low at 1.2574 will confirm wave ‘iii’ is underway.

Tomorrow;
Watch for wave ‘iii’ down to take over and break support to confirm the pattern.
The alternate wave ‘ii’ idea will be triggered with a break of 1.2667,
and will probably take another 2 days to complete.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Its sideways across the board today which makes for a boring update I’m afraid!

Wave ‘ii’ is still in force today even though we got a small move above the wave ‘i’ high.
Wave ‘ii’ is labelled as an expanded flat correction because of that,
and we should see a low in wave ‘c’ of ‘ii’ near 150.80 to complete the correction.

Tomorrow;
Watch for wave ‘ii’ to hold above 150.25 and turn higher to begin wave ‘iii’ of (iii).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is hovering below the recent high again after a drift to the upside again today.
I am going to stick with the idea that wave (ii) is underway in the main count.
Todays move takes the wave ‘b’ label as part of wave (ii),
and wave ‘c’ of (ii) will turn lower again tomorrow as shown.
Three waves down must complete above the wave [iv] low,
and a break of that level will signal the market has topped out and about to move much lower.

Tomorrow;
watch for wave ‘b’ to complete below the highs,
and then turn down into wave ‘c’ of (ii) as shown.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The pattern in wave ‘b’ is holding for the moment at the 2200 level,
but the move into wave ‘c’ down has not been confirmed yet.
A drop back below the wave ‘a’ low again at 2156 will confirm wave ‘c’ is underway.
And the lower target for wave ‘c’ of (iv) at the 2130 area is favored.

Tomorrow;
Watch for wave ‘b’ to hold and wave ‘c’ to continue lower in five waves.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil is doing the sideways shuffle also today without confirming or ruling out the main wave count.

We have a possible wave (ii) high in place at 82.33.
the price has moved lower off that level but no break of support at wave (i) yet.
I have labelled wave ‘i’ and ‘ii’ of (iii) as a possible count for the action today.

If wave (iii) is now in play here,
then we should see an acceleration lower to break 78.00 at a minimum.

Tomorrow;
so its a patience game here at the moment.
Wave ‘iii’ down will break support tomorrow if this count is correct.
Watch for wave (ii) to hold at the wave (ii) high,
wave (iii) will be confirmed with a break of 80.27.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Another high seems likely this week as the market retraces the decline again today.
I don’t have a whole lot to add to the wave count here,
as the market has not moved much in any direction off the high.
It is possible that wave ‘v’ will extend the pattern as previously suggested.
Although the internal pattern of wave (v) blue is very neat and tidy as it is!

Tomorrow;
for the moment the pattern is in limbo without any conviction to the downside yet.
Lets see how the market reacts to the highs at wave ‘v’ over the next few days.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The action in silver is every so tight today and that can only really be viewed as corrective to the upside.
The wave ‘2’ high is safe at 24.89 so far.
and wave ‘3’ of ‘c’ down should fall into support at 23.98 at a minimum as suggested.
A five wave decline in wave ‘c’ is still in play here so I will give this pattern another day to be confirmed before tearing it apart again.

Tomorrow;
Watch for wave ‘c’ of (ii) to continue lower in five waves as shown.