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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave ‘b’ of (a) is continuing to track sideways today in a three wave pattern.
Wave ‘a’ and ‘b’ in black are almost done now,
with wave ‘c’ left to complete the pattern up near 1.14 again.

Once this corrective move is done in wave ‘b’,
then wave ‘c’ will return lower again later in the week to complete wave (a) near 1.1100.

Tomorrow;
Watch for wave ‘c’ of ‘b’ to push higher and complete three waves up with a break of 1.1400.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am suggesting that wave ‘b’ is is complete today at the session high.
Wave ‘c’ will return lower in five waves for the next few days if I am correct.
The price did spike lower this afternoon to begin wave ‘c’,
and five waves down in wave ‘c’ should reach towards 1.30 when complete.

Tomorrow;
watch for wave ‘b’ to hold at 1.3337.
And wave ‘c’ down must continue lower as shown.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am going to hold off on USDJPY tonight because of that drop into the lower channel line again.
That action can be viewed as a series of impulse patterns to begin a larger move up,
but it is too close to call now.

I will not one feature of the action today as positive,
the decline off last weeks top is in three waves,
so that suggests a corrective form is in play here.

Tomorrow;
Watch for wave ‘ii’ to hold at 141.97.
Wave ‘iii’ of (i) must turn higher with a solid rally soon to save this count.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is reaching for that upper trend line of the wedge tonight.
The wave (v) label stays for now,
and the rally in wave [c] has just broken above 78.6% of wave [a].

Wave [c] is expected to complete the rally in wave ‘B’ this week.
And wave (i) of [i] must turn lower from that eventual top and break below 40000 again.

Tomorrow;
Watch for wave (v) of [c] to complete the overall correction in wave ‘B’ in the next few sessions.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am switching to a three wave pattern lower in wave ‘A’ for gold now.
I was working with a standard five wave model last week.
but the action off the top has clearly traced out three waves down,
and the rally today has retraced too much of that initial decline to stay with that idea.

I am now looking for a three wave rally in wave [b] over the coming days as shown.
Wave (a) has already completed three waves up,
so tomorrow should bring a drop in three waves to a higher low in wave (b).

Tomorrow;
Watch for wave (b) to turn down and trace out three waves down to a higher low near 3250.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am calling wave [i] down complete at todays lows now.
With a three wave correction higher into wave [ii] now expected this week.
Wave [ii] should target the 60.00 level again,
and wave (a) of [ii] is now well underway after todays rebound off the lows.

Tomorrow;
Watch for wave (a) of [ii] to complete.
Wave (b) should form a higher low as shown,
and wave [ii] will target the 60.00 area over the coming week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The rally in wave [c] of ‘B’ is close to done now I think.
Wave [c] has not reached equality with wave [a] yet,
but the 78.6% fib was hit today.
We have a solid three wave pattern higher in place here overall.
And the market has retraced just above the 62% Fib of wave ‘A’ as seen on the 4hr chart.

The market is forming a small lower high tonight which may be a sign that the rally has run its course.
If we see a drop below 5430 at the wave (iv) low that should indicate that wave (i) is in play.

Tomorrow;
Watch for the high to hold at wave ‘B’,
a five wave drop from here in wave (i) will bring us back below 5430 ideally.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has gone sideways for another day with a contraction in range also.
I am suggesting this is wave ‘4’ of ‘i’.
And wave ‘5’ is left to come tomorrow in this scenario.
If this pattern is correct,
then we will have a sideways week overall as wave ‘ii’ will correct higher back into the 33.00 level again.

Tomorrow;
I want to see a clear five wave pattern into that wave ‘i’ low pretty soon.
And that should lead to a retracement into wave ‘ii’ by the end of the week.