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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have an abc pattern in place now for wave ‘iv’ pink.
the de cline in wave ‘c’ has broken the low of wave ‘a’.
And if this pattern is correct then we should see a rally on Monday in wave ‘v’ as shown.
Wave ‘v’ should break above the wave ‘b’ high at 1.0954 at a minimum.
That will complete the larger wave (iii) blue,
and from there I expect another corrective grind into wave (iv) blue.

Monday;
Watch for wave ‘iv’ to compete and then price should turn higher into wave ‘v’ of (iii).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable dropped off the top again today and it seems like there is a good chance that wave (iv) is now underway.
I am looking for wave ‘a’ of (iv) to drop below 1.2860 at the previous wave ‘4’ lows,
I think that will be enough to signal that wave (iv) is underway.

Monday;
Watch for that wave (iii) high to hold at 1.3014 and wave ‘a’ of (iv) to break below 1.2860.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is still holding,
and maybe that’s the most important fact about this weeks trade!

The idea for a second wave high low is on track after a small lower high in wave ‘b’ overnight,
and now the price has dropped again to begin wave ‘c’ of ‘ii’ as shown.
Wave ‘ii’ will bring the pattern close to invalidation by dropping back below 148.00 to complete,
and that will be a big test of the overall idea of a new rally phase in wave [iii] green.
If that low does not hold at wave [ii],
then I will be forced to rethink the whole pattern here.

Monday;
Watch for wave ‘ii’ pink to complete above 146.54 at the wave [ii] lows.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has dropped again today to close out wave ‘c’ of ‘b’.
Wave ‘b’ has traced out a running flat correction,
and the market has bounced again in wave ‘c’ of (ii) this evening.

We are still on track for a three wave rally to a lower high in wave (ii).
and the target for wave (ii) remains at the 50% retracement level at 42850 or there about.

Monday;
Watch for wave ‘c’ of (ii) to continue higher in five waves to hit that 50% FIb retracement level at 42850.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold took another step lower into wave ‘iv’ today,
but I am starting to think that the pattern in wave (iv) is a little too tight here.
This correction will likely expand next week to build a larger pattern.
So far this pattern is covering the bases,
and wave ‘c’ of (iv) is likely to spike lower once more to complete the correction.
the target remains at 2978 at the previous wave ‘iv’ lows,
and from there I will look higher into wave (v) as shown.

Monday;
Watch for wave (iv) to complete three waves down to hit the 2978 area and complete this pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The correction in wave [iv] has been expanded today after a small break above the recent highs.
I am now showing a large internal running flat correction for wave (b),
and a five wave rally out of that low in wave (c).
Wave (c) will complete with a break above 68.60,
and then we should see a turn down into wave [v] again next week.

Monday;
Watch for a top to form in wave (c) of [iv] by Monday evening.
Wave (i) of [v] must then drop sharply from that high.
A break of 66.00 again will signal wave [v] is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is also showing a running flat correction in wave ‘b’ of (iv) tonight.
the price has rallied out of that level into wave ‘c’ this afternoon.
And now we should see wave ‘c’ of (iv) run higher to break above 5716 again.
That will complete three waves up in wave (iv),
and wave (v) down should begin from there.

Monday;
Wave ‘c’ of (iv) must top out below the wave (i) low at 5834.
Wave (v) of [i] will probably begin by next Tuesdays close if all goes well here.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has dropped enough today to consider the recent top as a completed wave [ii] green.
The price actually broke the previous wave ‘i’ high today and that has triggered this new count.
I am showing wave ‘i’ of (i) of [iii] now underway.
And the price must now complete a lower high in wave ‘ii’ early next week.
Once we see a break of 30.80 again that will confirm that wave [iii] down is underway.

Monday;
Watch for wave ‘i’ and ‘ii’ to complete a lower high below the wave [ii] high,
and then turn lower again into wave ‘iii’ of (i).