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

It is hard to comment o the markets tonight given that fact that ww3 is now officially underway.
It is impossible to know what way this will hit the markets,
especially when the U.S enters the fray soon.
May God help us all!

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD took another step lower today and so far it is hard to confirm this move as wave ‘i’ down.
the overall thrust lower is in three waves.
So there must be a follow through move on Monday to break wave ‘b’ to confirm the pattern.

Monday;
Watch for that high to hold at wave (B) and wave ‘i’ of (c) to continue lower in five waves.
A break of 1.1370 will signal wave ‘i’ of (C) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A similar idea in cable tonight.
the price has dropped off this weeks high today,
but this move is not large enough to confirm a top for wave (v) of [i] yet.
A break of the wave ‘i’ high at 1.3443 will be a good sign that this rally in wave (v) is done.

Monday;
Watch for 1.3632 to hold to signal that wave [i] is complete.
Then wave [ii] must begin a large three wave decline over the coming weeks.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The triangle in wave ‘b’ is holding tonight.
the price completed a higher low in wave ‘d’ and now a rally to a lower high in wave ‘e’ is underway.
Wave ‘e’ must hold below that previous wave ‘c’ high at 145.44.
and from there we should see a drop into wave ‘c’ next week.

tomorrow;
watch for wave ‘b’ to complete as a triangle and wave ‘c’ to turn lower again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

the DOW is closing the week with a possible five wave pattern lower off that wave ‘B’ high.
I am going to wait for something more substantial in order to call this wave (i) decline in play.
We will see pretty soon on Monday if there is a chance for that to happen.
If we are going to move into a risk off period again,
then the wave ‘C’ decline may well gain steam over the coming week.

Monday;
Obviously the potential for wave ‘C’ is huge.
That must carry the market back below the wave ‘A’ low at 36500.
I cannot confirm that wave at all yet.

At the very minimum I can say that the market has hit a wall at the wave [b] high.
and now I am looking for a turn into wave [i] of ‘C’.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave (c) of [b] continues to hold onto the action today as the price basically traded flat after that gap higher this morning.
Wave ‘c’ of (c) may well unfold a series of steps higher to complete a full five wave pattern as shown.
The price must hold below the all time high in order to stick with this pattern.
So Monday will be important in terms of the overall pattern.

Monday;
Watch for wave (i) down to turn this pattern lower again in order to save it from invalidation.
wave (i) must break 3246.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

A blow out rally today has put pressure on the wave (4) idea,
but the pattern is still intact as I write.

the price fell back off the highs pretty quickly after the initial rally happened.
And this evening the price is closing at a lower high.

Obviously I am worried about the fate of wave (4) now.
And if wave (5) does not take us lower pretty quickly next week,
then this pattern will be beaten,
and I will be forced back to the drawing board with my tail between my legs again.
I still think that wave [5] down requires a much bigger move lower.
and even today we have a three wave pattern in place for wave (4) of [5].
Wave (5) of [5] has potential,
but no confirmation as of yet.

Monday;
If the price continues to retrace todays shock rally,
then I will be more confident with the wave (5) idea.

Lets see if we can break back below the 70.00 level again with force to signal wave (5) has begun.
64.80 marks the wave ‘A’ high,
that must be the main target to confirm wave (5) down is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is actually pretty quiet today without much to report even with the world stepping into WW3 now for sure.
The market is still in a coma at the top of wave ‘B’.
And I don’t know what it is going to take to wake up the world at this point.
As always,
we act too late,
and everyone will try to run out the door at the same time.

the main level of interest here lies at 5743 at the wave (iv) lows.
A convincing attempt at wave (i) down should break that level.
So until that happens,
we are still too close to call here.

Monday;
Watch for wave ‘i’ of (i) to drop into 5840 and then a follow through to the downside into wave (i) must take up most of the week from there.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is stuck almost flat on the week now.
The decision has not been made to complete wave ‘5’ of ‘v’ with a new high,
so the door is open for a turn into wave (iv) blue earlier that expected now.
That is the alternate idea as shown.

Monday;
If the price falls back below 35.45 again that will confirm wave (iv) is underway.