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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is still in the process of building the higher low above wave [c] of ‘2’ this evening.
I have labelled wave ‘i’ and ‘ii’ as complete,
and if that is correct,
then we will see a rally into wave ‘iii’ of (i) beginning tomorrow.
The five wave rally in wave (i) may even complete by Friday evening of all goes to plan here.

Tomorrow;
Watch for wave ‘2’ to hold at 1.0176.
Wave ‘iii’ of (i) must continue higher as shown.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

It seems that we have a three wave rally in place off this weeks lows now.
I am showing wave ‘4’ of ‘iii’ now complete at the sesssion high.
But the price must now turn lower again into wave ‘5’ of ‘iii’ to confirm the pattern.

Tomorrow;
We are getting close to a final low in wave [c] of ‘2’ but I don’t think we are there yet.
Watch for wave ‘5’ of ‘iii’ to fall back into support at 1.2069.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY proved this new count as correct today after a sharp turn lower into wave ‘3’ of ‘c’.
The price has created a double bottom with the wave ‘a’ lows at 155.95 at todays lows.
The price must now create one more step lower into wave ‘5’ of ‘c’ to complete wave (ii).
And I suspect this will be complete by the end of this week.

Tomorrow;
Watch for wave ‘4’ of ‘c’ to complete below 157.22 at the wave ‘1’ low.
Wave ‘5’ should drop again to break the 155.00 level to complete the correction in wave (ii).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW shot higher today and now the market is comfortably back above the 43000 level.
Wave ‘c’ of (ii) has not hit the wave ‘a’ high just yet,
so I suspect there will be one more step higher in wave ‘5’ to complete wave ‘c’ of (ii).

At this point the market has dragged out wave (ii) to an almost tiring extent.
The market has drifted sideways for almost a month now.
And as we approach the 50% retracement level of wave (i) again,
I am looking for an move to end the suspense held in this correction!

A true acceleration lower into wave (iii) blue that will knock the socks off wall street and turn the heads of everyone else.
That type of move has not happened since the 2020 collapse.
And now we are at a moment of decision in this pattern.

Tomorrow;
Wave ‘c’ of (ii) should complete with a break of the wave ‘a’ high as shown.
A sharp drop from there will signal wave ‘i’ of (iii) has begun.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The action in gold today has introduced more complexity to the pattern.

The price did not reach a new high in wave ‘c’,
but we are so close to breaking the wave ‘a’ high it must be considered as a forgone conclusion.

I am showing a possible extended pattern for wave ‘c’ of ‘c’ tonight.
This pattern will end with a pop above 2698,
and then the price must return lower to begin wave ‘d’ from there.

Tomorrow;
the triangle for wave (b) is still in play here but we need a drop into wave ‘d’ pretty soon.
Watch for wave ‘d’ to begin early tomorrow and then three waves down should bring the price back into the 2620 area.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

My mind has been changed by todays rally!
If you take a look at the 4hr chart you will see what I mean.

The price has come far enough off the wave ‘B’ lows now,
that wave ‘C’ has actually reached the point of equality with wave ‘A’.
The price broke the wave ‘A’ high today.

The channel surrounding the correction in wave (2) is now very close to begin filled.
And I think we have a solid three wave pattern higher in place here for wave (2).
If this pattern is correct,
then we are very close to a real shock move to the downside again in wave (3).

But we got to see an end to this rally first.

Tomorrow;
watch for wave [v] of ‘C’ of (2) to top out with a tag of that upper trend channel line.
We may even see the first move lower to begin wave ‘1’ of (3) before the end of this week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Three waves up in wave ‘ii’ is now in play after todays rally.
There is a five wave pattern complete in wave ‘c’ of ‘ii’ at this evenings highs,
and from here I will be looking for a top to form in wave ‘ii’ and the initial turn lower to begin wave ‘iii’ down.

Tomorrow;
Watch for wave ‘ii’ to hold below that declining trend line off the top.
Wave ‘iii’ of (iii) to the downside must now begin with a sharp drop back towards 5800.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The action today ruled out the idea that wave (iii) had begun.
the pattern now moves back into the correction of wave (ii).
And once this three wave pattern completes in wave (ii) I will begin looking for a move lower into wave (iii) again next week.

Tomorrow;
Wave ‘b’ of (ii) is shown as an expanded flat now.
Wave ‘c’ of (ii) has rallied back towards the upper channel line again.
Watch for wave ‘c’ of (ii) to complete at the upper channel line and then turn lower to begin wave ‘i’ of (iii).