Good evening folks, the Lord’s Blessings to you all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is holding in a corrective pattern just above the lows of the week.
The action this week has traced out three waves to the upside.
And again tonight I will repeat myself,
this pattern is corrective and we should see another step lower and a break of 1.0722 to complete wave ‘3’ of ‘iii’.
I would like to see this happen tomorrow so that wave ‘3’ of ‘iii’ will be finished before the end of this week.

The wave ‘1’ low at 1.0812 must hold for this pattern to remain valid.

Tomorrow;
Watch for wave ‘3’ of ‘iii’ to complete with a break of 1.0722.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am going to allow for a larger wave ‘ii’ correction after the price has stepped higher once again today.
The initial rally off the wave ‘i’ low is not in three waves now.
It is possible that wave ‘a’ of ‘ii’ is in place at the session highs today.
And in this scenario I will look for a reversal back in wave ‘b’ starting tomorrow.
Wave ‘c’ will complete a zigzag correction most likely next week.
And after that I can begin to look lower in wave ‘iii’ again.

Tomorrow;
WAtch for wave ‘b’ to fall in three waves and hold above 1.2517.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

It seems like USDJPY has traced out a five wave decline off the wave (i) high now.
And this suggests wave (ii) is a zigzag pattern also,
tracing out a 5,3,5 internal pattern.

Wave ‘b’ should turn higher now in three waves and that wave is already underway.
Wave ‘b’ should compelte below 148.89 at the wave (i) high.
and then wave ‘c’ will begin.
The target area for wave (ii) remains the same.

Tomorrow;
watch for wave ‘b’ to complete below the wave (i) high.
and wave ‘c’ should then turn lower to close out this correction before the end of this week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

the market is holding below the highs of the week this evening,
but I am not going to die on this hill as they say!

There is a good chance that the DOW is push higher again tomorrow if I go with the new wave count shown.
This is just another iteration of the previous wave [v] count.
the decline earlier in the week only managed three waves down.
and the price did not break the previous low in the structure.
All this points to a series of corrective drops,
followed by the next wave higher as shown.

A series of corrections close together like that usually point to a number of fourth and fifth waves closing out the bigger extended pattern.
That is what we are looking at tonight.
So we can expect this fifth wave to complete the larger pattern this week.

Tomorrow;
Watch for wave (v) blue to finish the larger pattern at a new market high before Friday.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold punched to a new high for this wave ‘2’ pattern today,
but the price did manage to turn lower with a spike reversal.
The main pattern continues to hold tonight as a lower high in wave ‘2’.
And I will continue to look for wave ‘3’ of ‘iii’ to begin here before the end of the week.

Tomorrow;
Watch for the highs at wave ‘2’ to hold.
Wave ‘3’ of ‘iii’ will be confirmed with a break of 2014.
And the larger wave (iii) blue will be confirmed with a of 2000.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is creeping higher today but without much progress.
I am suggesting that wave ‘a’ and ‘b’ are complete now,
with wave ‘c’ of (ii) slowing working higher towards the target area.
Ideally, wave (ii) should retrace 50% of wave (i) at 75.33,
and at the moment the price is just holding below the 38% Fib level.
Lets give this pattern another day or so to see if a more complete correction develops.

Tomorrow;
Watch for wave ‘c’ of (ii) to close out with one more push above 75.00.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Wave (v) blue has now traced out five waves up and broken to a new high tonight.
This pattern should be close to completing the larger wave (v) blue now.
So I will be looking for a top in wave (v) of [v] this week.

Tomorrow;
Watch for wave (v) to complete its internal pattern as suggested.
The market should now be primed to reverse again off this new high.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has fallen back to the lows of the week this evening which suggests that wave ‘c’ of (v) is still underway here.
I would like to see another sharp decline to complete the internal pattern of wave ‘c’.
And then an impulsive rebound off the lows to get the reversal pattern started into wave (i) up early next week.
WE will see how that pans out next week.
for the moment the main pattern in wave (v) blue requires another step lower to break 21.92 at a minimum.

The alternate pattern for wave (iv) shown in red is also a valid interpretation at the moment.
A break of support will rule that one out.

Tomorrow;
Watch for wave ‘c’ of (v) to make a new low for the pattern with a break of wave (iii) at 21.92.