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

 

https://twitter.com/bullwavesreal


EURUSD.


EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.


Wave (e) of [b] holds on for another day. 
the price action has been all but flat at the top of wave (e) which suggests a closing of the pattern.
But there is no reaction to the top here yet at least. 
I will look for a complete retracement of wave (e) to confirm wave (i) of [c] has begun. 
that gives us a target at 1.0666 for wave (i) this week. 

Tomorrow;
Watch for wave ‘c’ of (e) to top and reverse. 
the price should hold below 1.0915 at the very upper end. 
And a break of the wave (d) low at 1.0666 will confirm wave (i) has begun. 


GBPUSD


GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.


Its back to the drawing board for cable tonight after a pretty sharp rally off Fridays lows. 
If we look at the daily chart first. 
The wave (2) top remains at 1.3143. 
Wave ‘1’ and ‘2’ has turned lower off that level and created a lower high. 
And wave ‘3’ should continue lower in the longer term. 

The 4hr chart.
Wave ‘2’ is still working through its internal three wave pattern higher. 
Wave [b] completed as an expanded flat at 1.2298.
Wave [c] is underway off that low as a five wave rally with a minimum target at 1.2827. 
WAve (v) of [c] has now broken that level today. 
so it is just a matter of time until we get a turn down into wave [i] of ‘3’ again. 

The hourly chart breaks out the internal pattern of wave [c] of ‘2’. 
Wave [c] is topping out a five wave pattern even now.
And the final internal pattern of wave (v) of [c] will be worked out this week. 

Tomorrow;
Watch for wave (v) blue to finish up pretty soon possibly with a break of 1.2893. 


USDJPY.


USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.


A small overhaul of the wave ‘iv’ pattern tonight. 
I am now looking at a larger pattern for wave ‘iv’ after the latest action. 
Wave ‘a’ traced out three waves down into todays low at 160.25. 
Wave ‘b’ is working on a lower high now.
And then wave ‘c’ will complete the larger pattern later in the week if all goes to plan. 

Tomorrow;
Watch for wave ‘b’ of ‘iv’ to complete below 161.96. 


DOW JONES.


DOW 1hr.

DOW 4hr

DOW daily.


I have relabeled the wave count at one degree higher today to keep it in line with the 4hr chart.

The Dow managed a new high for the correction in wave [ii] today. 
With a spike higher that ruled out last weeks charts. 
The market is actually closing lower on the day by a hair even after that spike rally. 
so I am again looking at the reversal possibility here. 

Wave [ii] is still a three wave pattern. 
Wave (c) is a five wave pattern. 
But a long triangle in wave ‘iv’ dragged the market sideways last week which was confusing the wave count to be honest. 
That triangle may be finished now,
we will see if the pattern can develop lower in wave (i) from here. 

Tomorrow;
Watch for wave [ii] to hold and wave (i) down to continue over the coming days. 
A drop into wave (b) at 38280 will be ideal for wave (i). 


GOLD


GOLD 1hr.

GOLD 4hr.

GOLD daily.


I am suggesting the most bullish wave count for gold that I can remember for a while now. 
If this count holds,
then we will see a pretty large rally into wave (v) to a new all time high over the coming months. 

Wave (v) of [iii] should take the price back to about 2600 in five waves over the next month or so. 
wave (v) of [iii] may go much higher if the wave extends. 
We will see on that front. 
The recent low at 2293 must hold for this count to remain valid. 

On the 4hr chart I have shown a possible alternate count for the triangle in wave (iv) which simply involves a drop in wave ‘e’ of (iv) now, 
and then a rally into wave (v) starting later this week. 

The larger alternate for wave (c) as a flat correction is the main risk here in the short term. 
A break of 2293 will trigger that idea. 

Tomorrow;
Watch for wave ‘ii’ of (v) to hold above 2293 and then turn higher into wave ‘iii’ by the end of this week. 


CRUDE OIL.


CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.


The rally in crude finally hit a wall in todays trade. 
the price has dropped back below 82.00 again this evening. 
I did mention that a break of 80.00 again will be a signal that wave (i) is underway. 
So I will be looking for that five wave structure to build from here as the week goes on. 

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to create a lower high. 
Wave ‘iii’ should break 80.00 at a minimum. 
and wave (i) will complete a five wave decline near 77.00 again. 


S&P 500.


S&P 500 1hr

S&P 500 4hr

S&P 500 daily.


Five waves up and a trend channel that is almost closed now after the action today. 
I think there is enough done here to call wave (v) done. 
It remains to be seen if wave ‘v’ of (v) has any more left in the tank at this point. 
And of course a drop back below the wave ‘iv’ low at 5440 again will signal wave ‘i’ of (i) is in play. 

Tomorrow;
watch for wave (v) to show signs of topping. 
A drop below 5440 is what I am looking for from here. 


SILVER.


SILVER 1hr

SILVER 4hr.

SILVER daily.



Silver has turned lower today to begin a possible wave (c) decline. 
The price must break 28.64 at the wave (a) lows again to confirm this pattern. 
So there is work to do here. 
the wave (b) pattern is complete as an expanded flat, 
so todays action fits well with that pattern. 

Tomorrow;
Watch for wave ‘i’ of (c) to fall back in five waves over the coming days to break the wave (a) lows at 28.64. 


BITCOIN


BITCOIN 1hr.

BITCOIN 4hr.

BITCOIN daily.


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FTSE 100.


FTSE 100 1hr.

FTSE 100 4hr.

FTSE 100 daily.


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DAX.


DAX 1hr

DAX 4hr

DAX daily.


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NASDAQ 100.


NASDAQ 1hr

NASDAQ 4hr.

NASDAQ daily.


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