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

 

 

https://twitter.com/bullwavesreal


EURUSD.


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WE have a turn down today in EURUSD but the price never broke the minimum target at 1.0894. 
This can mean,
wave ‘c’ finished with a failed fifth wave, 
or,
wave (c) completed at the alternate top and wave (d) is already underway. 

both ideas suggest wave (d) will continue lower in three waves over the coming days. 
and I am looking for a low in wave (d) near 1.0700 again. 

Tomorrow;
Watch for wave ‘a’ of (d) to drop below 1.08 ands then correct higher into wave ‘b’. 


GBPUSD


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Cable has dropped off the high of wave [ii] today and this should be the beginning of wave (i) down. 
WAve ‘i’ of (i) is expected to break the wave ‘iv’ low at 1.2673 to signal the top is finally in for wave [ii] at 1.2800. 
Wave (i) blue must continue lower for the rest of the week as shown. 
And I am looking at a low for wave (i) below 1.2570 at the wave (a) top. 

Tomorrow;
Watch for wave (i) down to fall below 1.2673 at a minimum. 


USDJPY.


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The price is heading higher again today in USDJPY and like I said before, 
as long as the way is up,
this bullish count is valid!

Wave ‘iii’ of (iii) will tag the upper trend line of the rising channel ideally. 
And we should see a clear five wave pattern at the high of wave ‘iii’. 
I am pointing out the 158.50 level as a minimum target for wave (iii) blue. 
so we should hit that level at least.

Tomorrow;
watch for wave ‘3’ of ‘iii’ to continue higher and close in on that target line at 158.50. 


DOW JONES.


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Well,
the ideal target for wave (i) has now been hit today. 
At the very least this action gives us reason to continue with the theme of a top in wave (B). 
The big blow off rally to the moon will be in doubt now I suspect!

The pattern off the top has traced out five waves down into the current lows. 
Wave ‘v’ of (i) can extend lower for sure.
I am of the opinion that the lower it goes, the better for the larger wave count. 
And obviously a break below the previous wave [iv] low at 37230 again will be a big boost to the turning market into wave [i].

Tomorrow;
Watch for wave (i) blue to complete its five wave decline by tomorrow evening. 
Any rally from here must be weak and corrective.
A shallow rally towards 39000 again will be a vote in favor of this count. 


GOLD


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Gold has turned lower today again,
but the price has failed to break below the wave ‘1’ low at 2325. 
Wave ‘3’ will be confirmed with a break of that level.
And I want to see wave ‘3’ of ‘c’ fall back below the wave ‘a’ low at 2276 again. 

Tomorrow;
WAtch for wave ‘2’ to hold at 2364.
WAve ‘3’ down must break 2325 again and continue lower as shown. 


CRUDE OIL.


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Crude turned lower in a pretty hard fashion today also! 
this decline confirms the idea of a top in wave (a) at 80.46. 
And now wave (b) should continue lower in three waves from here. 

A 62% retracement of wave (a) gives us a target at 77.70 for wave (b). 
That is an ideal target for wave (b),
and wave (c) can then turn higher from there. 

Tomorrow;
Watch for wave ‘a’ and ‘b’ to create a lower high below 80.46 possibly by tomorrow evening. 
Wave ‘c’ can then drop again on Friday if all goes to plan. 


S&P 500.


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I suppose you could say that the bearish idea actually gets a boost today! 
But I have not dropped the main count just yet. 
the market is holding above the wave (iv) lows as I write this evening, 
And unless that level breaks in a big way tomorrow, 
then I think I will stick with the main idea here. 

There is a possible alternate count for wave (iv) shown where wave ‘c’ of (iv) will drop into the 5200 area before turning higher into wave (v) again.
We will see tomorrow if that count fits better than the main count. 

Tomorrow;
Watch for wave (iv) to hold at 5256 and wave ‘iii’ of (v) to continue higher. 


SILVER.


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Wave (a) of [ii] is till in play tonight as the price is holding below the wave [i] top at 32.50. 
I have not changed the main count yet for that reason. 
Three waves down in wave (a) should fall towards the 29.00 handle again in an ideal world! 

If the price breaks to a new high tomorrow that will trigger that alternate count. 
Even then wave [ii] is still calling.
And this rally needs a sharp selloff to counter the rally that happened in wave [i] green. 

Tomorrow;
watch for wave ‘c’ of (a) to fall back to break the wave ‘a’ low at a minimum at 30.00. 


BITCOIN


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FTSE 100.


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DAX.


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NASDAQ 100.


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