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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Another day hanging around at the 1.09 level again.
EURUSD has not confirmed a drop into wave ‘iv’ yet,
but the probability is rising for a reasonable correction for sure.
I am looking now at the wave ‘4’ low at 1.0803 to confirm this pattern.
WE will see if we get there over the coming days.

Tomorrow;
Watch for wave ‘a’ of ‘iv’ to fall back below the support at 1.08.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A pretty choppy trade today at the top of this wave ‘v’ run.
Wave ‘5’ of ‘v’ has not put in a final top yet it seems.
But that could easily start tomorrow in this scenario.

Tomorrow;
WAtch for a break of 1.2860 to confirm wave ‘a’ of (iv) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY continues its subterfuge and deception today with a drop back off the earlier highs.
I want to see a break of 150.21 to confirm the wave ‘i’ idea,
and until that happens I’m afraid that the wave [ii] low remains in flux lets say.
The high of the session today met the upper trend line and then dropped.
If we see a solid break above that wedge,
that will give this count a fighting chance.

Tomorrow;
Watch for wave [ii] to continue to hold at 146.54 and wave ‘i’ to continue higher as suggested.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW spiked lower again today and the price is holding below the support at 41720.
It is unclear if we have come to the end of wave ‘v’ of (i) at the session lows,
there is a question mark over that possibility.
but I do expect that we are in the area where wave (i) makes sense after retracing all of the previous rally in wave (v) now.
We will soon see if wave (ii) can start before the end of this week.

Tomorrow;
Watch for wave ‘v’ of (i) to come to a close after completing an internal five wave pattern.
A break above 42000 again will signal wave ‘a’ of (ii) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is now very close to breaking out of this reversal pattern at the session highs today.
A break above 2956 will do that.
And if that happens,
it is back to the drawing board for me.
I am going to wait for the market to confirm the new high before switching,
so I am giving this count one last chance you might say.

Tomorrow;
A break below 2880 will open the door to wave ‘i’ of (iii).

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The triangle for wave (iv) continues to hold today.
the price action is contracting overall in wave (iv) of [iii].
But this pattern requires a narrowing of the range again over the coming days in wave ‘d’ and ‘e’ as shown.

Tomorrow;
Watch for wave (iv) to hold below 67.98.
And the action to complete two more waves to complete the triangle correction.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P did punch higher this morning in a possible wave ‘iv’ correction.
And that rally was wiped out again pretty quickly.
the action is suggesting that wave ‘v’ of (iii) is in play now.
and that should carry the market lower again tomorrow if this count is correct.
Wave (iii) will reach the 162% extension of wave (i) blue at 5490.
so that is the main target for wave (iii) now.

Tomorrow;
Watch for wave ‘v’ of (iii) to close out this decline near 5490.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is close to breaking the current short term count now,
so I am looking at a possible alternate count on the 4hr chart.
The three wave rally idea in wave [ii] can still explain this rally overall.
With this weeks rise happening in wave (c) of [ii].
A break of 33.38 again will trigger this alternate count.
And that is the minimum target for wave (c) of [ii] in this scenario.

Tomorrow;
Lets see if the price action triggers the alternate count with a break of 33.38.