Good evening folks, and may the Lord of Hosts Bless your life with immense abundance.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have see a bounce today off a corrective low in wave (iv) grey.
The price has now embarked on wave (v) of [c] of ‘2’.
We should see a break above the wave [a] high at 1.2189 before wave [c] completes.

Monday;
Watch for wave (iv) to hold at 1.2080.
Wave (v) should complete on Monday and then I will be looking for wave [i] of ‘3’ down to begin off that high by Wednesday.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The pattern in cable has been nothing but messy over the last few months as we track higher in an ending diagonal.
The price is at the end of that pattern now in wave ‘C’,
and I am looking for a roll-over to begin into wave (i) next week.
The next move down should be substantial in wave ‘D’ of the triangle and I am looking for a drop into the 1.20 area in three waves overall.
First we need a signal that the top is in fir cable.

Monday;
Wave ‘v’ of (v) of [v] of ‘C’ is where we stand,
and we are at the top of that pattern now.
Next week is looking good for a turn.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has turned off the lows of the week today and while we do not have a five wave pattern higher yet,
I think we are looking towards five waves up next week in wave ‘i’ pink.
Wave (iii) of [iii] will be where the main acceleration happens,
but we should see another higher low above 104.40 before that happens.

The alternate count is valid by a whisper!
But that count too calls for a rally into wave [v] of ‘1’ next week.

Monday;
104.40 must hold and wave ‘i’ should continue higher to trace out five waves up.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The price is holding within the bounds of that triangle pattern this evening.
we have a continue price compression over the last few sessions,
and this evening we can see a small higher low forming.
If that holds on Monday,
then we should see that new high in wave ‘v’ of (c) of [v] by Monday evening.

Once that happens,
I will look for a reversal into the previous wave (b) of [v] at 30500.
Five waves down will be the sign that we are turning here.

Monday;
Watch for wave (c) to complete at about 30700 where wave (a) and (c) reach equality.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The price has fallen a five wave form off the higher this week.
So I am looking at a developing ‘i’ ‘ii’ pattern off the wave [ii] high now.
If this is correct,
then next week will be a down week
with the larger wave (i) making a new low below 1784
which will get us started on wave [iii] of ‘C’ as you can see in the 4hr chart.

Monday;
Watch for wave [ii] to hold at 1854.
Wave ‘iii’ of (i) should break 1800 again by Tuesday.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude push into the 60.00 handle today in the final wave (v) of [v] green.
We now have five waves up in wave [v] green,
and the price is hitting the upper trend line on the 4hr chart again.
Crude oil is about as extended as any market now,
and the pattern looks full and ready to break down again.
Wave [i] down should pull us back into the low 50’s again.
And I am looking at next week for that to begin.

Monday;
Watch for wave (v) to close out and wave (i) of [i] to head lower again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has tracked sideways this week also and this seems to be a fourth wave correction within wave ‘c’.
The price is holding beneath that upper trend line of the wedge pattern now,
and if this weeks action truly was a triangle,
then the move out of the triangle low is the final move within wave ‘c’ of (v).
A note on the Fib relationships here.
Wave (iii) of [v] topped out at exactly 162% of wave (i).
And now wave (v) of [v] has reached the very same ratio at slightly above 162% of wave (i).
The wedge has a nice internal symmetry here,
so all the more reason to look for the pattern to close out.

Monday;
watch for that final high in wave ‘c’ of (v) to break 3934.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver was pretty sleepy over the last few days,
but we do have a three wave pattern complete at todays highs,
so this suggests an upward correction and we should expect a reversal lower into wave [v] of ‘1’ next week.

I have changed the alternate count today also,
this now shows wave ‘2’ still ongoing as a three wave pattern higher.
So there is potential to see higher prices as part of a larger correction in wave ‘2’ next week.

If the price falls into 25.87 again early next week I think that will rule out the alternate count.

Monday;
watch for wave [v] of ‘1’ to push lower again and break 25.87 to complete five waves down and begin wave (C) of [2].

Thanks you all for your patience this week as we seem to be moving through quick sand in the markets.
I pray God’s Blessings on you all this weekend,
There is little to do in a locked down nation,
So I will be keeping it quiet as usual!

It seems we all lost a piece of our freedom this year
with business closures and stay at home orders.
I get the feeling that this is only the beginnings of a succession of losses over the coming years.
The market will get its turn no doubt,
and the heavy political hand will grow ever heavier – it seems inevitable!

“But be of good cheer, as I have overcome this world!”
So saithe the the Lord Yeshua!

Adios Amigos,
until Monday.