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

Please forgive the short update tonight, I am a little under the weather!
Maybe allergies,
although I don’t usually suffer from allergies.

But I am getting older,
so things in general are starting to malfunction within my body machine!

Anyway,
lets get into it!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

No major movement in EURUSD today.
Because of that,
I am now looking at another possibility for wave (ii).
The price is in an obvious contracting range over the last week.
And this is now labelled as a triangle in wave ‘b’ of (ii).
Wave ‘c’ up will complete the correction with a break above 1.0690 in a few days.
then I will turn my attention lower into wave (iii).

Tomorrow;
Watch for wave ‘b’ to complete a triangle near 1.0635.
Wave ‘c’ should then turn higher towards the wave ‘a’ high.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A small rally in cable today suggests we are still trapped in an upside correction in wave ‘ii’ of (iii).
Wave ‘ii’ will trace out three waves up into the resistance at the wave (i) low at 1.2404.
Then I will look for wave ‘iii’ down to begin.
The larger wave (iii) blue has an initial target at 1.2165,
where wave (iii) reaches equality with wave (i).

Tomorrow;
Watch for wave ‘ii’ to complete a three wave correction near 1.24 by tomorrow evening.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Well USDJPY is sitting lifeless at a new high above wave ‘3’ tonight,
so at the very least we have reached the minimum target for wave ‘5’ of ‘v’.
I suspect we will see a pretty sharp reversal lower this week,
but there is very little to go on after todays action.

Tomorrow;
A break below the wave ‘4’ low at 153.59 will signal wave ‘a’ is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW continued its rebound today and the market reached 38470 at the highs of the session.
I am going to stick with the idea that this rebound is happening in wave (iv) of [i].
Although,
The market almost hit the 50% retracement of the whole decline off the top today.
And that may even suggest this rally is happening in wave [ii] green.
This is shown as the alternate count tonight,
Choosing between both of these ideas depends on the action over the coming few days.

Tomorrow;
Watch for a sharp decline into wave (v) of [i] to break to a new low below wave (iii) to confirm the main count for wave [i].

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold turned lower back into the main wave count again today.
This move confirms wave ‘c’ of ‘a’ is now underway.
he price has hit the wave ‘a’ low this evening at 2324 and this is the minimum target for wave ‘c’.
I would like to see a clear five wave pattern in wave ‘c’.
and then I will look for a turn higher into wave ‘b’ over the coming days.

Tomorrow;
Watch for wave ‘a’ to complete three waves down as shown near the lower trend channel line at 2300.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

There is a very clear three waves up in place off this mornings lows at 80.70.
It is hard to tell if this is wave ‘ii’ pink complete at todays top,
or if this is a lower degree correction to begin wave ‘iii’ down.
As long as the high at 82.89 holds here,
then wave ‘iii’ down can continue lower from here.
A break of that high will call for another re-think of the pattern here.

Tomorrow;
watch for wave (iii) blue to continue lower as shown.
A break of the wave ‘i’ low at 80.70 will signal wave ‘iii’ of (iii) is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is turning down with some impulse to the move as I write this evening.
So it is possible that wave ‘iv’ is complete at the highs today.
I will allow for another spike higher to complete wave ‘c’ of ‘iv’ tomorrow in a clear five wave form.
But it is interesting that the market has turned in such a fashion this evening.
A sustained decline tomorrow will confirm that wave ‘iv’ is complete and wave ‘v’ is underway.

Tomorrow;
The market must hold below 5143 for this count to remain valid.
watch for wave ‘v’ of (iii) to continue lower over the next few days.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver broke below the wave ‘a’ low at 27.56 today and now the pattern is beginning to look like a ‘c’ wave decline.
I want to see five waves down within wave ‘c’ as shown.
And the preferred target for wave (a) lies at or near the 26.00 handle.
That level marks the previous wave ‘iv’ low and the previous wave (iii) highs.

Tomorrow;
Lest see if wave ‘c’ can trace out five waves down and hit that lower target area as suggested.