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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Ok,
EURUSD dropped into the wave ‘a’ low today so that gives us a hit at the minimum target for wave ‘c’.
Wave ‘c’ can still take another step lower to complete,
but I think we are close to the end of wave ‘iv’ now,
and wave ‘v’ will start soon.
A push back above 1.0900 tomorrow will signal wave ‘v’ is underway.

Tomorrow;
watch for wave ‘c’ of ‘iv’ to close out this correction.
A reversal above 1.0900 will signal wave ‘v’ has begun.

1.0530 must hold at the wave ‘i’ high.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable dropped out of that wedge pattern today which is the first signal that wave ‘v’ of (iii) is now complete.
I am looking for a break of 1.2860 as the confirmation point for wave ‘a’ of (iv).
So this idea is still a bit fresh as they say!
I need a follow through to the downside to confirm wave ‘a’ of (iv).

Tomorrow;
Watch for the price to continue lower and break 1.2860 to confirm that wave ‘a’ of (iv) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The action in USDJPY is a little bit shaky today.
The price is struggling to climb back out of Wednesdays drop,
which is a little bit concerning at the moment.
I am going to give this pattern time to prove itself though,
And tonight’s wave count reflects that.

I am looking at a three wave drop in wave ‘ii’ pink as you can see.
The price has popped today in wave ‘b’ of ‘ii’.
With wave ‘c’ of ‘ii’ left to turn lower again and complete the correction.

Tomorrow;
Watch for wave ‘ii’ to complete above 146.54 after a three wave decline as shown.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The current rally off wave (i) is failing today and the market is basically flat on the session.
I am suggesting that todays choppy action is in wave ‘b’ black.
the price must fall back again to hit the wave ‘a’ low at 41390 to complete wave ‘b’ in pink.
And from there we will see a rally out in wave ‘c’ of (ii) again.
That rally will have to wait until next week in this scenario.

Tomorrow;
Watch for wave ‘b’ to hold at the top today,
and then wave ‘c’ should drop into 41390 again to complete the expanded flat correction in wave ‘b’.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding below that wave (iii) high as I write this evening.
This could be a lower high building in wave ‘b’ as I have shown.
But there is no confirmation of that wave (iv) pattern yet.
I am looking for a three wave decline into 2778 at the previous wave ‘iv’ low overall.
If we get another step lower tomorrow to break that 3000 level that will be enough to call wave (iv) in play.

Tomorrow;
Watch for wave ‘c’ of (iv) to turn lower again and fall below 3000 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil is complicating the matter again tonight after a spike higher today.
So far the price is holding below the wave [iv] high,
and wave (ii) has completed three waves up here to this lower high.
But that wave [iv] high must hold tomorrow,
with a drop back below 66.00 again to confirm wave (iii) down is underway.

Tomorrow;
Watch for wave (ii) to hold below the wave [iv] high at 68.51.
If that level breaks then I will have to rethink the larger pattern.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P may have completed a contracting triangle in wave ‘b’ of (iv) today.
It does explain the sideways grind overall this week.
and if wave ‘b’ is now complete at todays low,
then wave ‘c’ of (iv) must head higher again tomorrow as shown.
A break above 5716 will confirm wave ‘c’ of (iv) is underway.

Tomorrow;
Watch for wave ‘c’ of (iv) to continue higher towards 5780 to complete this corrective rally.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am suggesting that wave ‘iv’ of (c) is complete at todays lows at 33.07.
The price has bounced off that level so far,
and that signals wave ‘v’ is now underway again.
Wave ‘v’ of (c) must complete below 34.85 again,
and then I want to see a rapid decline into wave ‘i’ pink again to begin the larger decline in wave [iii].

Tomorrow;
Watch for wave ‘v’ of (c) to complete below 34.85 at the previous highs.