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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have a five wave drop into wave ‘a’ in place,
and today the price turned higher in three waves in wave ‘b’.
This pattern in wave (ii) is progressing well so far.
The wave count now calls for a drop below 1.0380 in wave ‘c’ of (ii).
I am suggesting a low in wave ‘c’ of (ii) at 1.0355 where the 50% retracement lies.

Tomorrow;
Watch for wave (ii) to complete three waves down near the 50% retracement level.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is moving sideways in a corrective manner as suggested in wave ‘iv’ of (i).
Wave ‘a’ of ‘iv’ is done at Wednesdays lows.
The price is holding above the support at 1.2300,
and today the action drifted higher in a possible wave ‘b’ of ‘iv’.
The wave count now suggests wave ‘c’ of ‘iv’ will drop back below the 1.2390 level at wave ‘a’ to complete.
And from there we should see a rally in wave ‘v’ of (i).

Tomorrow;
Watch for wave ‘iv’ to complete above 1.2300 and then turn higher again into wave ‘v’ of (i) as shown.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The price came close to hitting the support at wave (ii) today and even now the patter is too close to call.
A break of 153.70 will mean that wave (ii) is still underway here.
And wave ‘i’ of (iii) will have to wait until next week in that case.

Tomorrow;
I am looking for wave ‘3’ of ‘i’ to continue higher to hit the 157.00 area to confirm that wave ‘i’ idea.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

At this point I’m just willing this market to a new high to get the pain over with!
The alternate count is obviously the better fit as it stands,
but I want the market to break to a new high just to invalidate that wave (ii) possibility.
It is hanging on by a thread at the moment.
But tomorrow will likely be the death of that idea.

Tomorrow;
I will let this one die,
and then back to the drawing board again with that alternate count.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave (c) got an extra breath of wind today and now the price is back up under the upper trend channel line again.
The internal idea for wave (c) has changed tonight.
It is still a five wave pattern overall.
wave ‘i’ is now a leading wedge,
wave ‘iii’ ha a straight forward five wave pattern,
and wave ‘v’ is underway.
The top will form again near this upper channel line,
and it looks like I must wait until next week to look for a turn into wave (i) of [c] again.

tomorrow;
Watch for wave ‘v’ of (c) to hit the trend line and close this channel to complete three waves up in wave [b].

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude bounced off the wave (b) lows today but this rally must go higher to confirm wave [ii].
The price must break the wave (a) high at 74.10 at a minimum,
but I am looking to a high in wave (c) at 75.90 at the 50% retracement.
There is work to do here to confirm this pattern.
but there is plenty of time to do it.

Tomorrow;
Watch for wave (c) to continue higher in five wave as shown.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is still squeaking higher today in this possible wave ‘ii’ lower high.
And now the price is getting close to breaking the pattern for wave ‘i’ down.
I want this market to turn lower tomorrow to put an end to the uncertainty and to begin wave ‘iii’ of (i) down.

Tomorrow;
The recent high must hold and wave ‘iii’ of (i) must turn lower again as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The price action has been quite annoying in silver lately,
but I think we have a clearer pattern in place now after todays push higher.
I am showing a possible flat correction count for wave (ii) again.
With the rally this week happening in wave ‘c’ of (ii).
The high of the session tagged the upper channel line,
and we have a hit on the 78.6% retracement of wave (i).

So wave (ii) is complete as a flat correction,
wave (iii) down must begin.

Tomorrow;
Watch for wave (ii) to hold and then turn lower into wave ‘i’ of (iii).