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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave ‘iv’ is still looking for that final low to close out the correction.
The action was pretty flat today in EURUSD,
which suggests the decline in wave ‘c’ is coming to an end.
And there is a five wave internal pattern visible in wave ‘c’ of ‘iv’.
Overall we have a solid expanded flat correction in place for wave ‘iv’,
and I am looking for the intial turn up into wave ‘v’ pretty soon.

Tomorrow;
Watch for wave ‘1’ and ‘2’ of ‘v’ to build a higher low above 1.0781 to begin the rally into wave ‘v’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am expanding the pattern in wave (iv) tonight after todays action.
the decline so far can be viewed as the first step lower into wave ‘a’ pink.
Wave ‘a’ and ‘b’ have created a lower high at the session high,
and now I am looking for another drop into wave ‘c’ to complete the initial three waves down in wave ‘a’.

Wave ‘c’ should drop below the wave ‘a’ low at 1.2886 at a minimum.
And then wave ‘b’ will correct higher again.
So there is a little more work to do in wave ‘a’ to complete three waves down.

Tomorrow;
Watch for wave ‘c’ of ‘a’ to find a low near 1.2850 and then wave ‘b’ can correct higher from there.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is heading higher again today which is encouraging,
but the internal pattern of this rally is still up for debate to be honest.

I am looking at a possible running flat correction for wave ‘ii’.
and now a rally in wave ‘iii’ has taken the price higher again today.
The price is getting close to the next resistance at 151.32.
If this is a rally in wave ‘iii’,
then we should see an acceleration higher over the coming days.

Tomorrow;
Watch for wave ‘iii’ of (i) to push above 151.32 to add weight to this bullish count.
WAve ‘iii’ should top out near 153.00 in this scenario.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW put in a nice rally today off that wave ‘b’ low on Friday.
this rally is viewed as wave ‘c’ of (ii) at the moment.
We have a nice three wave pattern off the wave (i) low now.
The channel is closed out at the session highs this evening.
And the market is close to hitting the target at the 50% retracement level.

There are no sure things in this life,
but this action surely looks like a corrective rally from where I stand.
And as I mentioned in the video on Friday,
now comes the test.

Tomorrow;
Watch for wave ‘c’ of (ii) to top out near that 50% retracement level at 42855.
IF the market turns lower from there and breaks below 41400 again,
that will be a strong signal that wave ‘i’ of (iii) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am tracking a slightly different wave pattern for wave (iv) blue tonight.
Fridays low takes the wave ‘a’ label.
the price bounced early today into wave ‘b’ of (iv).
And then a quick reversal into wave ‘c’ of (iv) this afternoon.

I am looking for wave ‘c’ of (iv) to hit a low near 2880,
and then wave (v) of [v] must turn higher from there into the end of this week.

Tomorrow;
Watch for wave ‘c’ of (iv) to hit 2980 to complete three waves down in wave (iv) of [v].

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has reached to the upper trend channel line again today.
This action is still in line with a correction in wave [iv].
The overall pattern of wave [iv] is in three waves.
And todays new high happened in wave ‘v’ of (c).

I can’t guarantee that wave [iv] has topped out at this high,
but I am looking for a turn lower into wave (i) of [v] in the next few days.

Tomorrow;
the internal pattern of wave (c) has five waves up in place already but there may be a little more left in the rally.
Watch for wave (c) of [iv] to top out near the 70.00 handle again.
A break below 68.00 again will signal wave (i) of [v] is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Three waves up in wave ‘c’ of (iv) is almost done now after todays rally.
Wave ‘c’ is close to hitting the upper trend channel line here.
I want to see wave (iv) top out below 5800,
and from there a turn lower into wave (v) should begin.
Wave (iv) blue must not break the wave (i) low at 5834,
if that happens,
then I will be forced to rethink this pattern.

Tomorrow;
watch for wave (iv) to top out below 5800 and then fall into wave (v) by midweek.
A break of 5600 will signal wave (i) is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has bounced today and is holding a higher low above 32.65 as I write this evening.
I am suggesting this higher low is wave ‘b’ of ‘ii’.
We should see a pop in wave ‘c’ of ‘ii’ tomorrow to complete a corrective lower high as shown.
And from there wave ‘iii’ down must begin.

Wave ‘iii’ down should fall back below 32.00 again in five waves.
This pattern has not been confirmed yet,
but the potential is still there for an acceleration lower this week.

Tomorrow;
Watch for wave ‘ii’ to complete a lower high near 33.60.
and from there wave ‘iii’ down can begin.