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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave ‘c’ of (b) is still in play after a flat trade today.
The price should top in wave ‘c’ of (b) early next week with a break above 1.1420.
And from there I can look lower into wave (c) again.
Five waves down in wave (c) will complete the larger wave [ii] back near 1.0900.

Monday;
Watch for wave ‘5’ of ‘c’ to top out with a break of 1.1420.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has traded flat also today and that action is now labelled wave ‘b’ of ‘ii’.
Wave ‘ii’ should complete a lower high near 1.3530 on Monday,
and from there I will look for a turn lower into wave ‘iii’ of (c).

Monday;
Watch for that wave (b) high to hold at 1.3590.
Wave ‘ii’ must complete three waves up to a lower high near 1.3530 as shown.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am stuck on the fence with USDJPY this week!
I can’t seem to nail the underlying pattern in play here.
The price is holding at a higher low today in wave ‘b’ of ‘b’.
But there is very little evidence of a turn up into wave ‘c’ coming our way.
As long as the low at wave ‘a’ pink holds next week,
then wave ‘c’ of ‘b’ will be the main focus for the next few sessions.
If the wave ‘a’ low breaks at 142.13,
then I will consider wave ‘c’ underway.

Tomorrow;
Watch for 142.13 to hold at wave ‘b’ and wave ‘c’ to push up to 147.00 to complete three waves up.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is finishing the week off with a corrective lower high in wave ‘ii’ pink.
the price is pushing up to that upper trend channel line as I write.
Wave ‘c’ of ‘ii’ will complete three waves up near 42400.
And from there it will be time for wave ‘iii’ of (iiii) of [i] to turn lower again.

Monday;
Watch for wave ‘ii’ to complete at 42400 and then a sharp turn lower into wave ‘iii’ must begin.
The wave (ii) high must hold from here on.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Lower highs in wave ‘ii’ seem to be the main theme of this weeks trade!
And gold is no different today.
Wave ‘ii’ of (i) of [c] is in the process of completing three waves up to a lower high also tonight.
Wave ‘ii’ has one more pop in wave ‘c’ to close out the pattern,
and then wave ‘iii’ down should begin from there.

Monday;
Watch for wave ‘ii’ to complete below 3360,
and wave ‘iii’ of (i) to fall back again towards 3150 for the second half of the week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The action in crude today suggests wave ‘ii’ is done at the session high.
The price turned lower sharply off that wave ‘ii’ high today
and now the price is moving lower into wave ‘iii’ of (iii).
If wave ‘iii’ pink is now in play,
then we should see a continuation lower early next week.
And I am looking for wave (iii) to drop back below 53.7.40 at the previous wave (b) low.
That is the minimum target for wave (iii),
but I would like to see a drop into the previous wave [i] low at 55.00 again.
That will really achieve progress in the larger pattern.

Monday;
watch for wave (ii) blue to continue to hold as this pattern develops.
Wave ‘iii’ of (iii) should fall into 57.40 at a minimum.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market is not moving down into that wave ‘iii’ acceleration today
and again the price action has ended flat on the session.
At this point we are close to invalidation for this pattern.
and I am really close to being forced back to the drawing board again.

If the market fails to turn lower on Monday then I fear I will be starting again with a new count.

Monday;
the wave ‘B’ high must hold.
And it is high time that wave ‘iii’ of (i) turn back lower.
A break of 5740 again will signal wave ‘iii’ is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

the triangle in wave ‘iv’ is still in force today after a drop into the lower trend line again.
it is likely that wave ‘e’ of ‘iv’ is complete at the session lows
this triangle is done now.
And wave ‘v’ of (c) is now set to push back above 33.70 again.
The larger wave (c) will complete with a break of 33.70.
And after that I will look lower again into wave (i).

Tomorrow;
Watch for wave (c) to complete five waves up as shown.
And then later next week wave (i) down must begin.