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

I am starting early tonight because it is valentines night and I am planning to cook a meal for my wife tonight.
So I hope you can grant me that grace on this night.
He has an interesting story does old Valentine that ended in his death to Claudius 2nd in 269.
I wish you all a happy Valentines day!

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Another small move higher today has kept the pattern alive for wave ‘3’ of ‘iii’.
But The action is not enough yet to confirm wave ‘iii’.
There is only three wavs up in place off the wave (ii) low so far,
and this fact does raise questions on the larger pattern.
So I will be watching this closely next week to see if the action confirms the main idea here.

Monday;
watch for wave ‘iii’ to break above the wave (i) high and extend higher towards 1.0700 to confirm the main count.

GBPUSD

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GBPUSD 4hr.

GBPUSD daily.

Cable has also traced out three waves up off the wave (ii) lows.
and the price has almost filled that trend channel today.
I am sticking with the main count for the moment.
And this requires wave ‘3’ of ‘iii’ to extend higher again on Monday.

If that fails to happen,
then I will have to rethink the pattern for wave (ii) at least.

Monday;
Watch for that wave ‘i’ high to hold and wave ‘3’ of ‘iii’ to continue higher to break above 1.2700 to create some space between the wave ‘i’ high and wave ‘iii’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is close to breaking out of its pattern this week.
the low of wave (ii) is getting close to the previous wave [ii] lows at 150.93 again.
If that level breaks,
then I will have to rethink the whole pattern again.

I mentioned in the video that one of these pairs is wrong about the direction if the USD.
I am not convinced anymore that all three pairs can rally at once.

We should find out next week which pair will break out of the current pattern.

Monday;
Watch for wave [ii] to hold at 150.93.
Wave (iii) of [iii] must break back above 155.87 to confirm this wave count.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

the Dow is holding its sideways move to nowhere again today.
the action this week is either a consolidation in a triangle,
or,
an exhaustion before a sharp drop in wave ‘i’ down.
I am hoping for a decisive move in either direction to set the stage for the next move.
And we will see how it goes early next week.

Monday;
Watch for a break of 43800 to favor wave ‘i’ pink.

GOLD

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GOLD daily.

Gold turned sharply lower this evening in line with wave ‘3’ of ‘i’.
There is no confirmation of this count yet though.
I want this decline to continue for the first few days next week to give this count a bit more confidence.
I would like to see wave ‘i’ down fall into the 2730 level in five waves to confirm this idea.

Monday;
Watch for wave [b] to hold at this weeks highs with a drop back towards 2800 in wave ‘3’ of ‘i’.

CRUDE OIL.

CRUDE OIL 1hr.

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CRUDE OIL daily.

I am looking at a slightly larger three wave pattern higher in wave ‘ii’ of (ii) today.
This should complete by Monday evening I suspect,
and then wave ‘iii’ of (iii) down will take over by the middle of next week.

Monday;
Wave ‘ii’ pink will complete a correction higher below the wave (ii) level at 73.40.
Wave ‘iii’ of (iii) should turn lower again by midweek.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

If this count is correct in the S&P then we will see a sharp rally to begin the week in wave ‘iii’ of (v).
And that should take over for at least the rest of the week as wave (v) completes.

Monday;
Wave ‘3’ of ‘iii’ of (v) will break out to a new high and complete five waves up above 6200.

SILVER.

SILVER 1hr

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SILVER daily.

Well the price spiked to a new high in wave ‘5’ of ‘v’ of (c) today,
and then gave up all that rally this evening.
The price is closing back near the upper channel line again,
and This move should complete that throw over in wave (c) now.
Next week I am looking for a continued decline into wave ‘i’ of (i) of [iii].
Where wave (i) will break below 30.00 again in five waves.

Monday;
watch for wave ‘i’ pink to retrace most of the wave ‘v’ rally at 31.22.
Todays highs should hold.