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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD remains stuck in this wave ‘iv’ corrective pattern again today.
the price is beginning to form a low around wave ‘c’ of ‘iv’,
and this evening the price is holding just above the session low at 1.0776.
There is no signal yet that wave ‘v’ has begun,
but if we see a rally to break above 1.0850 tomorrow that will be a strong signal that wave ‘1’ of ‘v’ has begun.

Tomorrow;
Watch for this correction in wave ‘iv’ to finally complete,
and wave ‘v’ to begin with a break back above 1.0850.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding below the wave ‘b’ high this evening,
and the action suggests that wave ‘c’ of ‘a’ is underway.
Wave ‘c’ should trace out five waves down,
and this lower high should be the beginning of that pattern.

I am looking for wave ‘c’ to drop into 1.0850 to complete wave ‘a’ down in the next few days,
and from there the price action will shift to a sideways correction in wave ‘b’.

Tomorrow;
watch for wave ‘c’ of ‘a’ to complete three waves down near 1.2850 over the coming days.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am looking at a possible leading diagonal pattern in wave ‘i’ tonight.
I will admit that I am grasping at straws here trying to figure out the action of late in USDJPY,
But,
as long as we keep climbing,
then the bullish case will continue to build.
If wave ‘i’ is complete at 150.93,
then wave ‘ii’ is underway.
And we should expect a three wave decline to a higher low.
I have marked the 62% retracement level at 148.23 as the target for wave ‘ii’.

Tomorrow;
Watch for wave ‘ii’ to trace out three waves down as shown towards 148.23.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has completed three waves up at todays highs,
as the price action flattens off and momentum turns down again.
The rally in wave ‘c’ of (ii) did not quite reach the 50% retracement level at 42855.
maybe we hit that target tomorrow,
but I do want to see a reversal into wave ‘i’ of (iii) soon either way.

If wave (ii) is complete now,
then this is a good area to top things out!
and the door is now open for a reversal into wave (iii) down to begin over the coming days.

Tomorrow;
WAtch for this correction in wave (ii) to top out and then turn lower in wave ‘i’ of (iii).
Wave ‘i’ should break below 41420 at the wave ‘b’ low.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold completed three waves up in wave ‘b’ of (iv) today as the lower high extended to a larger pattern.
The price has reversed quite well this evening with a sharp move lower,
this move suggests wave ‘c’ of (iv) is now underway.
Wave ‘c’ should break 3000 again at a minimum.
And I am looking for a low in wave (iv) near 2978 at the wave ‘iv’ low.
Once we have a clear three wave pattern lower in place for wave (iv).
then I will look for wave (v) to begin.

Tomorrow;
watch for wave ‘c’ to continue lower in five waves towards 2978.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude popped above the upper channel line today to close out a five wave rally in wave (c) of [iv].
the price has turned and spiked lower again this evening.
I am taking this as a good sign that wave [iv] is done,
and wave [v] is underway.

Wave [v] will be confirmed with a break below 66.00 again,
so we are not in the clear yet.

Tomorrow;
watch for wave (i) blue to continue lower in five waves to break 66.00 again later this week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is close to topping in wave ‘c’ of (iv) today.
The action has flatlined as we hit the end of the rally in wave (iv)
but there is no reversal yet to signal that the top is in.

This is a good place to complete wave (iv) in general,
as wave ‘c’ is close to that upper channel line and the price is still holding below the wave (i) low.
The sooner we see a drop off the current levels the better to be honest.

Tomorrow;
Watch for wave (iv) to hold below 5830,
and wave ‘i’ of (v) to drop back into the wave ‘b’ low at 5600 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has completed three waves up in wave ‘ii’ at todays highs.
The rally has stopped below the 78.6% Fib retracement level of wave ‘i’ this evening.
This rally needs to stop now,
and I want to see a drop back below 32.60 again to confirm wave ‘iii’ down has begun.

Tomorrow;
Watch for wave ‘ii’ to hold below the recent highs.
And wave ‘1’ of ‘iii’ to turn lower again.
The price needs to break the wave ‘i’ low again at 31.60.