Good evening folks and the Lord’s blessings to you.
And were back.
Back to normal again and the rain is bucketing down outside!
Ireland never changes.
I am going to show you something tomorrow about the next leg of the war with Iran that I found today in the book of Daniel.
There are connections coming to light now that have never been seen before.
And I think there is bad news coming soon,
possibly to the U.S,
orchestrated by Iran.
This Friday marks the 4th of July.
I have a bad feeling about this coming fourth of July for that reason.
Of course it’s very possible that I am wrong here,
but I don’t know why else these connections would be showing up.
I will show you tomorrow what I found in Daniel 10 regarding dates and times.
you can ignore it if you wish.
But
I might I suggest some caution on Friday for you guys in the U.S who may be attending some big celebrations etc.
Just in case.
down to business tonight.
EURUSD
EURUSD 1hr.
EURUSD 4hr.
EURUSD daily.
EURUSD has tagged the upper trend channel line again tonight.
the action is quite slow and labored overall for the last few days.
I am suggesting a five wave pattern in place for wave ‘c’ for the last few days.
And that has not changed.
Three waves up into wave (b) is pushing the limits now.
With wave (b) pushing up towards the 162% extension of wave (a).
because wave (b) has pushed this far,
I think wave (c) will extend quite deep into the previous wave [i] rally.
So that is again what I am looking for this week.
tomorrow;
Watch for wave ‘c’ of (B) to show signs of exhaustion and possibly a turn into wave ‘i’ of (c) of [ii].
GBPUSD
GBPUSD 1hr.
GBPUSD 4hr.
GBPUSD daily.
Cable is extended into wave ‘v’ of (v),
and last week the price tagged the upper trend channel line again.
The action looks a little slow and corrective at the moment,
so there is a chance that wave ‘c’ of ‘v’ will make one more atempt to hit that line before turning down to begin wave (A) of [ii].
But just like EURUSD,
I am looking for that turn to begin,
and I think it is overdue.
Tomorrow;
watch for wave ‘c’ of ‘v’ of (v) to break 1.3800 again to complete wave (v) of [i] and then later this week I will look for a turn into wave [ii].
USDJPY.
USDJPY 1hr.
USDJPY 4hr.
USDJPY daily.
We have a small move sideways today in a corrective manner in USDJPY over the last few sessions.
I am looking at a possible three wave pattern off last weeks low as part of wave ‘3’ down.
This correction can run higher to hit the upper channel line at 145.00 again to complete three waves.
And then we should see a larger move down into wave ‘3’ again.
Tomorrow;
Watch for wave ‘3’ to complete a small correction at 145.00 and then turn down again for the rest of this week.
DOW JONES.
DOW 1hr.
DOW 4hr
DOW daily.
Time to push the limits of this count again this week.
I am looking at a possible triangle for wave (iv) of [c] today.
the rally out of last weeks low is taking us higher in wave (v) of [c].
This rally ends very soon in this scenario,
as we are almost at the top again so the invalidation risk is upon us again.
Tomorrow;
Wave ‘v’ of (v) is holding the highs at the moment.
Lets see if there is anything more left in the take for wave ‘v’ tomorrow.
The market is low on volume usually this holiday week.
so the conditions are ripe in this scenario.
GOLD
GOLD 1hr.
GOLD 4hr.
GOLD daily.
I am working with another pattern in wave (i) down today.
The decline into last weeks low all but retraced the previous wave (c) rally.
and the price has bounced enough to open up another possibility.
I am looking at wave (i) complete at last weeks low,
and wave (ii) now underway.
with wave ‘a’ of (ii) almost done as I write.
Wave (ii) should retrace into 3350 to complete three waves up and a 50% retracement this week.
Tomorrow;
Wave ‘a’ and ‘b’ will create a higher low above 3250 over the coming few sessions.
Wave (ii) will take up all this weeks trade,
and then next week I will look into wave (iii) down again.
CRUDE OIL.
CRUDE OIL 1hr.
CRUDE OIL 4hr.
CRUDE OIL daily.
Crude is holding in a pretty tight range over the last week,
and that can be viewed as a contracting triangle pattern in wave (iv) of [a].
Wave (v) will drop into the 63.00 level again to complete wave [a] this week.
And then by the end of this week we should see wave [b] take us higher again in three waves,
Tomorrow;
watch for wave (v) of [a] to complete this leg down near 63.00 before we see a turn higher into wave [b].
S&P 500.
S&P 500 1hr
S&P 500 4hr
S&P 500 daily.
It is possible that wave (v) has completed an expanding wedge pattern now,
with the rally into wave ‘v’ of (v) crossing over the upper channel in a throw over.
There is a clear five wave pattern in place,
and the action does not fit any other pattern in wave (v).
You can see that todays high has just reached the 162% extension of wave [a].
A good indication of the extended nature of this rally again.
so,
we will we see a top form this week?
it is a good time if this expanded flat wave ‘B’ of (A) is correct.
SILVER.
SILVER 1hr
SILVER 4hr.
SILVER daily.
Silver did break the wave ‘a’ low last Friday but then rebounded into the range again.
That low can be be viewed as the minimum target for wave ‘c’ of (iv),
but that seems like an incomplete pattern in my view.
I am looking for wave ‘c’ to trace out a clear five wave pattern lower into the lower channel line this week.
and that gives us a target low for wave ‘c’ near 34.50 in this pattern.
Tomorrow;
Watch for wave ‘c’ of (iv) to to complete three waves down near 34.50 and then turn higher into wave (v) from there.