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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A rebound out of the channel confirms the wave count for wave ‘4’ today.
That rally is labelled wave ‘5’ of ‘c’.

And I am looking for a top in wave ‘5’ to close out the larger pattern in wave (c).
The price should then turn lower into wave (d) next week to continue the triangle.

Tuesday;
Watch for wave ‘5’ of ‘c’ to top out above 1.0894.
Wave (d) should turn lower by midweek next week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A change of plans in cable today after a rally back to the highs again.
The rally has ruled out the beginning of wave (i) down right now.
And I am now looking at an extended rally in wave ‘iii’ to the top.
The turn down this week is viewed as wave ‘iv’ of (c) and now a push higher today in wave ‘v’ of (c) to complete wave [ii] again.

Tuesday.
The price will complete wave ‘v’ with a break above 1.2762.
That should be enough to close the larger correction in wave [ii] green.
And then later next week I will look for a turn lower into wave (i) of [iii] again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has not performed like I expected this week.
A rally in wave ‘iii’ of (iii) should be more vigorous,
but so far there is no acceleration and no major gains.

I have not changed the main wave count yet.
But,
I am keeping an open mind here over the next few days.
If we see a drop below the wave ‘ii’ lows at 155.84 again that will convince me that the count is wrong.
And I will go back to the drawing board again.

Tuesday;
Watch for wave ‘2’ to hold above 155.84.
Wave ‘3’ of ‘iii’ will be confirmed with a break above 158.00 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow did manage to open higher this morning and now the market has retraced the early bounce again.
the price has now retraced all of last weeks rally.
And there the pattern off the highs is starting to look impulsive again.

The drop to a new low this evening completes five waves down within wave ‘iii’ of (i).
Wave ‘iv’ will have to wait until Tuesday to get going and if this count holds,
then wave ‘iv’ should only correct sideways for a day or so,
and then wave ‘v’ will complete five waves down near 38580 again.
Ideally,
wave (i) will complete with a break of that support at 38580.

Tuesday;
Watch for wave (i) to continue working lower in a five wave pattern with the target at 38580.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave ‘1’ of ‘c’ has now retraced all of the previous rally in wave ‘c’.
so gold has done a whole lotta nothing over the last 10 days!

I am confident that wave ‘c’ is now underway here with the price breaking the wave ‘b’ lows,
and the market is now free to correct higher into wave ‘2’ over the first half of next week.

Wave ‘c’ will take up all of next week with a five wave decline to the initial target at 2276.

Tuesday;
Watch for wave ‘2’ of ‘c’ to turn higher in three waves and complete a lower high near 2390.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has turned higher today and the action suggests that wave (v) is actually complete at todays lows.
Wave (v) did reach a new low today and then immediately rebounded.
so now wave [i] green seems complete,
and next week I will be looking higher into wave [ii].

Wave (a) of [ii] will likely retrace most of the decline in wave (v).
So that gives us a target at 80.10 to close out wave (a).

Tuesday;
Watch for wave (a) of [ii] to continue higehr in three waves.
Wave ‘a’ and ‘b’ will create a higher low above 76.10 over the next few sessions.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has put in a pretty flat week overall.
Most of this weeks action has been taken up by an expanded flat correction in wave (iv),
and the rebound today suggests that correction is complete.
Wave (v) is now free to rally out to a new high to close out the larger five wave pattern in wave [v] green.
Wave [v] should top out above 5350.
and then I will look for a top to form again.

The alternate count will be confirmed with a break below 5090.

Tuesday;
Watch for five waves up in wave (v) blue to complete above 5350.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver his holding at the lows of the week tonight and it seems now that wave ‘a’ of (a) has now completed at the session lows.
Wave (a) is labelled as a three wave pattern so far.
And now I am looking for wave ‘b’ to turn higher early next week.
A lower high in wave ‘b’ will give way to a return lower into wave ‘c’.
with the initial target for wave (a) at 27.70.

Tomorrow;
Watch for wave (a) to complete three waves down as shown.
Wave ‘b’ must complete a lower high around 31.00 again by midweek.