Good evening folks and the Lord’s blessings to you.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The market in general was about as quiet as you can get today so there is very little change in patterns across the board.
But at least we can setup for the coming week.
There is another small move higher left in wave ‘c’ of (iv) in the current scenario.
A new high was registered for wave ‘c’ today,
but overall the action was corrective in wave ‘4’ of ‘c’.
Wave ‘5’ of ‘c’ should push towards a new high at 1.0650.

Monday;
Watch for wave ‘c’ of (iv) to complete five waves up near 1.0650 and then a turn down should begin into wave (v) of [c].
The larger move next week should be in wave (v) down.
so that is the main focus here.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A possible top in wave ‘c’ of (iv) today.
The price made an attempt to move impulsively lower off 1.2749,
but we have a bounce off that low again this evening which may well rule out that view.
If the high at wave (iv) holds on Monday.
And we see a drop back below 1.26 again,
that will be a good indication that wave ‘i’ of (iii) is underway.

Monday;
watch for a sharp drop into wave ‘i’ of (iii) to break 1.2600 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave (iii) of [i] has traced out five waves down this week,
and I am waiting for a correction now into wave (iv) blue next week.
If this pattern is correct,
then we have an annoying corrective week ahead of us.
A three wave pattern in wave (iv) should hit the 152.00 area.
and from there I will look for a turn lower again into wave (v) of [i] by the end of the week.

Monday;
Watch for wave (iii) of [i] to complete soon.
wave (iv) should turn higher by late Monday.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A small new high in the DOW today is getting very close to topping this new pattern again.
The market is now climbing slowly along the upper line of the larger trend channel again.
the previous time this happened,
we had that sharp turn down into wave (iv).
It is possible that we get the same result here given that the euphoria now seems to be fading post election.
It would be very interesting to see that happen early next week.

Monday;
The wave ‘b’ low at 42880 is the initial support for this pattern.
So let see if a break below that level can form in wave (i) down.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is still holding at the wave ‘ii’ lower high this evening.
but I think there is a little more in wave ‘c’ of ‘ii’ before turning down into wave ‘iii’.
wave ‘ii’ must complete below 2721,
A break of 2600 again will signal wave ‘iii’ of (c) of [a] is underway.

Monday;
Watch for that wave (b) high to hold at 2721.
Wave ‘iii’ down must then turn lower on Monday to confirm this count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Well the pattern for wave (ii) played out pretty well today.
The price hit 69.60 in wave ‘c’ of (ii) at the highs.
And this evening the price turned lower with a sharp punch to break the wave (i) low again.
I have labelled this move as wave ‘i’ of (iii) of [i].
We should see wave (iii) down complete near 66.00 again.
And the larger wave [i] green will complete with a break of 65.00 as later next week.

Monday;
Watch for wave (iii) of [i] to continue lower in five waves to break 66.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

the S&P is now at a new high in wave ‘v’ of (v) again.
The progress into this high is far less impulsive than the advance in wave ‘v’ of (iii).

The upper trend line of the channel still above us here,
so there is a good chance that the market will hit that level in wave ‘v’ of (v) to complete this larger pattern.

Monday;
Watch for wave (v) of [v] to complete this new pattern in the first half of the week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has made progress today in wave ‘c’ of (ii).
the minimum target for wave ‘c’ lies at 31.53 and we have a little more to go before hitting that level.
I suspect wave ‘c’ should complete early next week,
and then I will turn my attention lower again into wave (iii) of [i].
The target for wave (iii) lies at 26.40 at the previous wave [iv] lows.

Monday;
Watch for wave ‘c’ of (ii) to complete with a break of 31.53.