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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A turn off the high of wave (c) finally today!
WAve ‘a’ should fall back into the 1.0800 level to favor this count overall.
So there is work to do here,
but the fact that we have a drop off is a first step.

Tomorrow;
Watch for wave ‘a’ of (d) to drop in at least three waves towards 1.0800 to signal that the larger wave (d) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A similar turn off the top in cable today is giving a hint at things to come.
I am looking for an impulsive five wave decline into wave (i) blue.
And that wave should reach below 1.2700 ideally.
There is a way to go before hitting that target,
but today was a start.

Tomorrow;
Watch for wave ‘i’ of (i) to break 1.2900 to complete.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am looking at a new possibility for wave (c) tonight after a larger than expected bounce.
There is a possible five wave pattern in place off the high at wave (b),
so that can be viewed as wave (c) complete.
This pattern may be a bit of a stretch without much proof yet,
but if the rise continues tomorrow,
then I will be forced to look at the next leg up anyway.
so,
wave [iv] green is shown as a running flat complete at todays lows.
If this is correct,
then wave (i) of [v] will trace out five waves up to break above 160.00 at a minimum.

Tomorrow;
A further rally above 160.00 will signal wave (i) of [v] is underway.
Watch for 155.35 to hold.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The market dropped off the top of wave (iii) with quite an impulsive form today.
I am looking at this move in the context of wave ‘a’ of (iv).
The wave (i) high lies at 39580 and if that level breaks,
then I will consider a top in place again.
until then,
this drop will be regarded as a correction in wave (iv).

Tomorrow;
WAtch for wave (iv) blue to trace out three waves down to hold above 39580.

GOLD

GOLD 1hr.

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GOLD daily.

The count in gold is like a carbon copy of the pattern in the stock market these days,
and I can’t help but be concerned about that.
for the moment the bullish count is holding in wave [iii] green.
Wave (v) of [iii] is still underway here.
And todays drop is viewed as wave ‘iv’ of (v).
We should see three waves down in wave ‘iv’ pink.
And that correction in wave ‘iv’ must hold above 2394 at the wave ‘i’ high.

Tomorrow;
Watch for wave ‘iv’ to trace out three waves down as a correction.
Wave ‘i’ must hold at 2394.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

We have some interesting moves across the markets today and crude may be the most interesting.

The price can still be viewed as rising in wave [c] of ‘2’.
And in this scenario wave [c] will trace out five waves up and top out above the wave [a] high at 82.73.

The drop off today is pretty sharp in nature,
but I have labelled this wave (iv) of [c],
with wave (v) of [c] left to close out the pattern.

A break below the wave [b] low at 79.37 again will signal that wave ‘2’ is complete and wave ‘3’ down is underway.

Tomorrow;
Watch for wave (iv) to complete three waves down and hold above wave (i).
Wave (v) should then turn higher again before the end of tomorrows session.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Three waves down so far,
could this be the next candidate for a larger reversal pattern.
Well I hope so but I am biased!

I have not labelled this move yet as I don’t have even a break of the previous wave ‘iv’ lows at 5440.
Wave (i) down will need to achieve more than only that initial support break.
A break of 5200 would be a clear signal that a top is forming here.
so there is much wrk to be done.

Tomorrow;
Lets see if this decline can break the previous wave ‘iv’ lows at 4440.
After that I will begin to think bigger!

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Ok,
now we have a five wave decline in wave ‘c’ that completes a larger wave (ii).
the overall pattern in wave (ii) is a zigzag 5,3,5 pattern.
Wave (ii) is completing a higher low at the 62% retracement level of wave (i),
which should lead to wave (iii) up beginning over the next few days.

Now the test comes for this bullish count.
The low at wave [ii] must hold at 28.56,
if that level breaks then all bets are off and we will have to revert to the previous count for wave [ii] green with a much lower target for that wave to complete.

Tomorrow;
Wave [ii] green must hold.
watch for wave ‘c’ of (ii) to bottom out and then wave ‘i’ of (iii) must turn higher.