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

I am updating very early tonight I know!
It is 5.30 in the evening over here in Ireland,
and I have a visitor coming this evening,
a cousin that I have not seen in a long time is coming to stay for the night.
So I must clear away the work and be the good host this evening!
Maybe something big will happen in the next few hours to rule out these wave counts,
but for the most part,
nothing has changed today to cause any alarm.
so lets get into tonight’s update.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A very slow market today in EURUSD and the triangle in wave [b] remains the dominant count.
Wave (c) is holding at the recent high at 1.0947.
I am suggesting three waves down into wave (d) this week.
And It seems wave ‘a’ of (d) is still in force today.

Tomorrow;
Wave (c) must hold.
Watch for wave ‘a’ to trace out three waves down towards the 1.0800 handle to complete the first step into wave (d).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am showing a possible ‘i’ ‘ii’ pattern in place at todays high.
This wave ‘ii’ pattern is quite small so I remain open to a larger wave unfolding in wave ‘ii’ possibly tomorrow.
If we see a drop below 1.2800 tomorrow that will signal wave ‘iii’ of (i) is underway.

Tomorrow;
an early drop off that wave ‘ii’ high at 1.2941 will signal wave ‘iii’ has begun.
Wave (i) should trace out five waves down this week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has traced out a ‘i’ ‘ii’ pattern off the low of wave [iv] at 155.34.
There is no sign of a rally into wave ‘iii’ of (i) yet,
so I want to see a rally into the 159.00 handle again tomorrow to signal wave ‘iii’ is underway.
that rally will also strengthen the larger wave count in wave[v] green.

Tomorrow;
Watch for wave [iv] to hold at 155.34.
Wave (i) should continue higher in five waves as shown.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is holding at the lows this evening after a pretty flat session so far.
I have labelled this decline as a three wave pattern in wave (iv) blue.
But it does depend on how the pattern develops in the next days before we can confirm this count.
A drop below 39580 again will tip the scales in favor of the bearish idea again.
A possible top iw be in play again at that point.
And from there I will look for a break of 38280 again at the wave [iv] lows in an impulsive decline.
There is a lot riding on the next few days trade here.

Tomorrow;
Watch for wave (iv) to trace out a corrective decline in three waves at least over the coming days.
A break of 39580 again will favor the idea of a topping pattern again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A possible five wave pattern off the top is in play now in gold.
the price has dropped again this evening to complete wave ‘a’ of (a) of [iv].
This is a large corrective pattern I am working with in wave [iv] here,
so there are many twists and turns we can take from here.

the five wave decline is strong hint that we have an interim top in place here though.
It suggests the larger pattern will be to the downside for a good few weeks at least.
Wave [iv] can easily bring us to the end of the summer if this count proves correct.

Tomorrow;
watch for the high at wave [iii] to hold at 2483.
Wave (a) down should trace out three waves down from that top.
And wave ‘b’ of (a) will create a lower high as shown by the middle of this week if all goes to plan.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has bounced off the early lows today and this suggests a short term low is complete in wave [iii].
Wave [iv] is now underway,
and I am looking at a correction into the 79.30 area in wave [iv] this week.
We will see what form wave [iv] will take from here.
but I would like to see that wave hold below 79.37 at the previous wave [b] lows.
It seems a good area to close out the pattern in wave [iv] before turning down into wave [v] later this week.

Tomorrow;
Watch for wave [iv] to trace out three waves up to the 79.37 area over the next few days.
If the price rebounds higher than the 80.00 level again I will be forced to rethink this pattern for wave ‘3’ blue.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A rebound in wave ‘ii’ today suggests that wave ‘i’ did complete at Fridays lows.
Wave ‘ii’ can go higher from here,
but I will keep an eye on the early action tomorrow to call that wave.
A drop back below 5500 again will signal wave ‘ii’ is complete and wave ‘iii’ is underway.

Tomorrow;
Lets see how wave ‘ii’ completes,
a larger correction towards 5600 will postpone a decline into wave ‘iii’ until the second half of this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

We are getting dangerously close to the invalidation level for wave (ii) today.
The price dropped very lose to 28.56 this afternoon.
And if that level breaks I will be forced to switch to the alternate wave [ii] count will may even bring us down to the 25.00 area before completing.
It is too close to call at the moment.

Tomorrow;
Watch for wave (ii) to hold above 28.56.
WAve (iii) up must rebound off these lows and carry higher for the rest of this week.

A break of that support will trigger the alternate count for wave [ii] green.