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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The short term count tonight is a bit of a gamble,
but EURUSD has refused to push higher into that wave (ii) retracement this week,
and now we have a decline which retraces most of the advance.

I am looking at the possibility that wave (ii) is already complete at todays high.
That is a relatively shallow retracement,
but a drop back below 1.0600 again will signal wave ‘i’ of (iii) is underway.

tomorrow;
Watch for the high at 1.0689 to hold and wave ‘i’ of (iii) to break below support again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The pattern in cable is still developing along the lines of a correction higher in wave (ii).
So I am going to stick with this idea tomorrow.
A possible running flat wave ‘b’ should be followed by a rally in wave ‘c’ of (ii) as shown.
And the first target level lies at 1.2521 at the 38.2% retracement level.

Tomorrow;
Watch for wave (i) to hold at 1.2405.
Wave ;c; should continue higher and complete three waves up above 1.2500.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

It looks like the USD just will not give up this rally yet.
The price has failed to follow through to the downside to begin wave (ii) again today.
and in fact this market has turned higher again.
I am forced back into the wave (i) wave count tonight.
I am suggesting wave ‘v’ of (i) is still in play here,
and the pattern should top out soon in wave ‘v’ of (i) as shown.
But we may have to wait until next week for wave (ii) to start at this late stage.

Tomorrow;
Watch for wave ‘v’ of (i) to top out again with a break above 154.78.
And then I can look for a turn down into wave ‘a’.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

This is another wave count that I am rethinking tonight!

The Dow turned lower this afternoon and has retraced all the progress made yesterday.
The market has been corrective sideways this week alright,
but I think this correction is at a lower degree than I was contemplating.

I have labelled todays top as wave ‘iv’ of (iii) now.
Wave ‘v’ of (iii) should fall back below 37590 again to complete wave (iii),
and then I will look higher into wave (iv).
Wave (iv) could begin tomorrow
with the minimum target for wave (iv) at the wave ‘iv’ high at 38095.

If this count is correct then wave [i] will complete next week possibly below 37000.
And then wave [ii] can turn higher again.

Tomorrow;
Watch for wave ‘v’ of (iii) to complete with a break of 37590.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is refusing to comply also tonight!
There is more strength here than I gave the market credit for.

The market is holding onto that lower high and still fit the wave ‘b’ label at the moment.
But I will put a caveat on that statement.
If the price fails to drop into wave ‘c’ tomorrow then I will be forced to re-evaluate this wave count again.

Tomorrow;
Lets see if this pattern lives to fight another day.
I want to see a drop into wave ‘c’ of ‘a,
if that does not happen,
then I will revert to the wave (iii) pattern again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil bounced off Wednesdays lows early today and rallied back to the 83.00 handle again in three waves.
So far the rally has failed at 82.90,
and I have labelled that top as wave ‘4’ of ‘iii’.
Wave ‘5’ of ‘iii’ must fall again tomorrow and I am suggesting a low for wave ‘iii’ at 80.43 again.

Tomorrow;
Watch for wave ‘5’ of ‘iii’ to to fall again to complete five waves down in wave ‘iii’ near support at 80.43.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is falling to a new low for the week this evening,
and we are pretty close to completing five waves down in ‘iii’ right now.

The market is gearing up for a larger correction higher into wave ‘iv’ now.
And I am expecting that to begin tomorrow.
IF all goes well wave ‘iv’ will top out near 5056 again and then wave ‘v’ should fall again early next week.

This pattern requires a lot things to go right in order to remain valid.
And the invalidation level at wave ‘i’ at 5143 is not that far away.
So I am not overly confident on the larger pattern yet.
Its a step by step process to get a full impulse wave down in wave [i].

So far it is going ok,
but there is a long way to go yet!

Tomorrow;
Watch for wave ‘iii’ to complete with a drop below 5000 again to confirm this pattern.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at a possible triangle wave ‘b’ tonight instead of last nights count.
The price range has contracted all week,
and this action fits the idea at the moment.

Now,
wave ‘c’ must take over the pattern tomorrow and drop back below the wave ‘a’ low at 27.56 at a minimum.
Wave ‘1’ of ‘c’ should be enough to do that.
And I am still pointing to that next lower support area between the wave (iii) high at 25.76,
and the wave ‘iv’ lows at 26.26 as the target area for wave (a) to complete.

Tomorrow;
Watch for that triangle wave ‘b’ to hold at 27.56.
Wave ‘c’ should turn lower in five waves from here.