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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am looking for a corrective turn lower this week in wave ‘iv’ of (c),
and todays action is another chance to begin that move.
A small drop off the wave ‘iii’ high has not confirmed wave ‘iv’ yet,
but the price is in a good area for that drop to begin.

I am looking at the previous high at 1.1009 as a possible target for wave ‘iv’,
and then a rise into wave ‘v’ from there.

Tomorrow;
Watch for wave ‘a’ of ‘iv’ to fall into 1.1100 to signal the correction has begun.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is dead in the water today with nothing to report to be honest.
I suspect wave ‘v’ of (c) is still in play here.
And wave ‘v’ is close to completing an internal five wave structure.
If the price falls back below 1.3044 again that will signal wave (i) of [c] is underway.

Tomorrow;
Watch for wave ‘v’ of (c) to top out and reverse into wave ‘i’ of (i) of [c] over the next few sessions.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A very slight move off the lows today is the right direction but there is nothing impulsive in that move yet.
The low of wave [b] holds at 143.45.
And in general the sentiment towards the USD is hitting extremes now,
and this pair is well into the oversold area now.
So the conditions are ripe for a rally into wave [c] of ‘B’ this week.

Tomorrow;
Watch for wave [b] to hold above 141.69.
Wave (i) of [c] should begin by midweek.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am reverting to the 4hr chart for the main count this evening.
the DOw managed to push back to the all time highs again today and that has invalidated the previous wave [iv] and [v] idea.
The internal pattern for wave [iv] is now shown as a irregular running flat.
Wave (b) of [iv] is a three wave rally complete at the previous highs.
And wave ‘b’ of (b) traced out a triangle which complicated the whole count.
Now I am going to wait for wave [v] to give way again and the next time we should see a straight drop below 38000 in wave [i] down.

Tomorrow;
Wave [v] green has a potential five wave pattern already done even now,
lets see how the market reacts to that new high tomorrow.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding at the highs again today and that that suggests wave (b) is still in play here.
The rally into wave ‘c’ of (b) may be an ending diagonal.
And that is what I am leading with tonight.
this will allow for a small new high in wave ‘5’ of ‘c’ of (b),
and then later this week I will look for wave ‘i’ of (c) to to begin.

Tomorrow;
Watch for wave ‘c’ of (b) to complete and then turn lower into wave ‘i’ of (c).

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The rally into today highs has changed my mind on the larger pattern.
I am reverting to the previous correction in wave (2) green.
and now I am showing a larger three wave correction including the recent rally as wave ‘C’ of (2).

The internal pattern of wave ‘C’ should trace out five waves.
And wave ‘C’ should break above the previous wave ‘A’ high at 78.93.

Tomorrow;
This correction in wave (2) should complete this week.
and wave [v] of ‘C’ is left to close out the larger pattern.

Watch for wave [v] of ‘C’ to top out above 79.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is again holding below the previous highs and the pattern in wave [ii] remains a possibility,
however small the probability of this pattern is right now!

I can’t say much else about this pattern that I haven’t said already.
So,
If wave (i) of [iii] is going to take this market down,
then it better start tomorrow!

Tomorrow;
Watch for wave (i) blue to drop sharply towards 5300 to begin wave [iii] down.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Wave ‘v’ of (i) has made a new high today above the previous wave ‘iii’ high.
And that is the minimum target now in place for wave ‘v’.
I am going to give this market another chance to run into that upper trend channel line to complete the pattern though.
And later this week I will look for wave (ii) to begin.

Tomorrow;
Watch for wave ‘v’ of (i) to push into that upper trend line to complete five waves up.