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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Three waves down in wave ‘a’ of ‘iv’ seems to be in place now.
If this pattern continues,
then we will get a slow day tomorrow with a sideways move in wave ‘b’,
and wave ‘c’ will be left to turn lower again on Friday.

A fruther drop towards 1.10 tomorrow will suggest that wave ‘iv’ is further developed than the pattern I am showing.

Tomorrow;
Watch for wave ‘iv’ to continue in three waves to the downside for the rest of this week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A small turn lower today to begin wave ‘i’ of (i) is the main idea here.
I have marked the 1.3044 level as the main target for wave ‘i’ to hit.
A break below that will favor the main count,
but wee will need much more follow through to the downside to confirm wave (i) blue.
that will have to wait until next week I suspect.

Tomorrow;
Lets keep an eye on the initial target level at 1.3044 to signal wave ‘i’ is in play.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Its like waiting for the bus to come on a rainy evening in USDJPY!

The price is holding above the low at 143.45 again today,
so that is in line with the main idea for wave [c].
The price is yet to rally to that signal level at 147.96 at the wave [a] high,
so the wave count remains un confirmed at the moment.

Tomorrow;
Again,
that wave [b] low must hold at 143.45.
Wave (i) of [c] must continue higher to break that wave [a] high.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A small turn lower today in line with wave (iv) blue.
This correction should find support in the 40500 area at the previous wave ‘iv’ lows.
And wave (iv) must hold above the wave (i) high at 39460.
A break of that level will invalidate this count.

Tomorrow;
Watch for wave (iv) to continue in three waves to find support at 40500.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is drifting off the top again and at the moment the count is not yet clear.
There is a possibility that wave ‘5’ of ‘c’ of (b) has topped out with a failed fifth wave.
That is not an idea count,
but it is one option.

If we see a break back below 2470 again that will add weight to the top out idea.
and then I will begin to look lower for longer into wave (c) of [iv].

Tomorrow;
If the price continues lower to break the previous wave ‘a’ high at 2477 that will signal wave ‘i’ of (c) is in play.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Ok,
the price came a bit too close for comfort today and I am now looking at a larger [i] [ii] pattern to begin wave ‘C’.
If this is correct,
then wave [iii] must turn higher again to top out wave ‘C’ later next week.
This new count has simply prolonged the correction in wave (2) overall.

I can’t rule out the alternate count here,
that wave (3) down is now underway with another lower high.
I will give that serious consideration again if the decline continue this week.

Tomorrow;
Watch for wave [iii] up to continue higher as shown with the minimum target for wave ‘C’ at 78.93 at the wave ‘A’ high.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

We have a turn lower today into a possible wave (i) down.
I realize that nvidia posts results after hours this evening
and that has the potential to ruin this count or to confirm this count.
It is really a flip of a coin here!

This is a function of the stupid leverage that has now built up in the market
due to the oversized allocation to the big tech names.
A good result pushes the whole market higher,
a miss could trigger a much bigger downside effect.
So,
I suspect the market is on a knife edge here.
And the count can either be confirmed or invalidated in a matter of minutes.

Tomorrow;
If the main count holds up after the late trade,
then I will be quietly surprised and maybe even confident in the main count.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Well it looks like we have topped out that wave (i) rally now with another step lower today.
The wave ‘iv’ low has not been broken yet at 28.77.
I am looking for wave ‘a’ of (ii) to break that level and then correct to a lower high in wave ‘b’.
The wave
(ii) low will take us towards the middle of next week if this goes to plan.
And after that I will be looking much higher into wave (iii).
One step at a time.

Tomorrow;
Watch for wave ‘a’ and ‘b’ to create a lower high below 30.18 over the rest of this week.