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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is holding a lower high below 1.0713 at wave (ii) tonight.
This action is favorable to the wave count,
but I cant confirm that wave (iii) is underway yet at all.
A decline below the wave ‘b’ level at 1.0635 will signal wave ‘i’ of (iii) is in play.
but the real confirmation comes with a break of the wave (i) low at 1.0600 again.

Tomorrow;
Watch for wave ‘i’ down to break below 1.0635 to favor the wave (iii) count.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

cable has traced out five waves up off that wave (i) low now,
and I have changed the main count for wave (ii) because of that.
I am looking at a larger zigzag wave (ii) correction here,
with a 5,3,5 internal pattern.
Wave (ii) will hold onto the price for a few more days in this scenario.
and next week should bring wave (iii) down.

Tomorrow;
Watch for a three wave decline into wave ‘b’ of (ii) towards the 1.2350 area.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A move higher in USDJPY today has woken up the market at least.
I am still stuck on the same pattern for wave ‘v’ of (i) though.
And I do think this rally will top out very soon.
But,
wave ‘5’ of ‘v’ is not yet finished.

Tomorrow;
This rally could make it up to the upper trend line to close out the channel near 156.50 at a stretch.
So lets see how wave ‘5’ goes tomorrow.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW made it so close to that 50% retracement level today that I could easily be convinced of that alternate count for wave [ii] at this point.
Both wave counts are looking lower for the next few days at least,
so there is no real reason to change right now.
The test will come here if the market does break below the wave (iii) low at 37227 again.
If that happens,
then wave [ii] will require a large rally back to the current levels.
If that does not happen,
then wave [iii] down will, have control of the market and we could see a much larger decline quicker than I am suggesting here.

Tomorrow;
Watch for wave (v) down to take the market lower for the rest of this week.
WAve (v) must break below the wave (iii) low at 37227.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding above the wave ‘a’ low this evening and with that I am suggesting wave ‘b’ is now underway.
Wave ‘a’ and ‘b’ of ‘b’ may now be complete at this higher low.
So we should expect a rally again into wave ‘c’ of ‘b’ over the next couple of days if this count is correct.

Tomorrow;
Watch for wave ‘b’ to hold above 2291.
Wave ‘c’ should continue higher towards the 2370 area.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has completed three waves up and in wave ‘ii’ at 83.62.
And that high comes in just below the 62% retracement of wave ‘i’.
So this looks like a completed impulse wave lower now.
And I will be expecting a decline to begin in wave ‘iii’ of (iii) pretty soon if all goes to plan here.

Tomorrow;
Watch for that wave ‘ii’ high to hold and that three wave pattern to remain intact.
Wave ‘iii’ of (iii) is calling.
so that needs to get going by tomorrow evening.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is turning lower right at the close this evening and this action supports the short term count at the moment.
Wave ‘v’ of (iii) must make a new low below the wave ‘iii’ low at 4926.
And if that happens,
that will be a big boost to the larger bearish pattern that is building here.

I am still holding my tongue here on what is going on with this market.
There is not enough evidence yet to confirm the major top is in,
and while that is frustrating,
the market is slowly stepping into the bearish pattern.
And I am satisfied with that for the moment!

tomorrow;
WAtch for wave ‘v’ of (iii) to carry this market lower to break the wave ‘iii’ low and complete wave (iii) near 4900 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

We have a possible wave ‘4’ of ‘c’ top in place today but the price has failed to turn hard into wave ‘5’ of ‘c’ yet.
It is a waiting game here now to see if this pattern completes as suggested.
And I am still looking for a low in wave ‘c’ of (a) near 26.00 again to close out this pattern.
After that I will look higher into wave (b) for most of next week.
One more low will satisfy me on this one,
so lets see if tomorrow can bring a full pattern in wave ‘c’ of (a).

Tomorrow;
Watch for wave (a) to close out with a drop back into the 26.00 area.
The high of the session today came in at 27.48.
That level should hold and wave ‘5’ should continue lower.