Good evening folks, welcome to a new week of madness, the Lord’s Blessings to you all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Well I can’t guarantee it,
but there is a possible end in place for wave ‘4’ of ‘iii’ at todays highs.
the price has traced out three waves as part of wave ‘4’ now.
And the price hit 1.0804 at a new high for this correction earlier today.
and then we saw a sharp spike lower off the top,
and now a lower high as we approach the close tonight.

This pattern in wave ‘4’ needs to be confirmed,
but there is enough here to at least look for a run lower into wave ‘5’ tomorrow;

Tomorrow;
Watch for wave ‘4’ to hold at todays highs.
Wave ‘5’ of ‘iii’ should fall below 1.0723 at a minimum.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am not convinced by the wave ‘ii’ count for cable after todays action.
The pattern in wave ‘c’ of ‘ii’ is just not that clear to be honest.
So I will leave this pattern open for another high in wave ‘c’ tomorrow.
Wave ‘ii’ should should trace out a clear three waves up into 1.2675 at the 62% retracement level.
If that happens,
then I will be happy to turn my attentions lower again to begin wave ‘iii’.

Tomorrow;
Watch for wave ‘ii’ to complete this correction near 1.2675 as shown.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Todays top is a better fit for wave ‘v’ of (i) now.
After a corrective decline off the top last friday,
the price did rebound off the session lows again today.

Now we have a better five wave pattern for wave ‘v’ pink complete at todays high.
And I will turn my attention lower into wave (ii) now for the next few days.

Tomorrow;
Watch for wave (i) to hold at todays high.
A correction in wave (ii) should now take over from here.
I am looking for wave (ii) to fall into the 147.60 area in three waves.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another day and another rally and reversal off the top.
Each of the new tops that formed over the last few weeks has been sold as soon as it was reached.
Now the market has not followed through to the downside yet.
But that is coming for sure.

I have shown a possible five wave pattern for wave (v) blue now in place at the session high.
Wave ‘v’ of (v) reached out to a new high today.
There will not be any confirmation of these counts until the market decides the trace back below the wave (iv) low at 38200.
If and when that happens,
That will give us a move we can work with.

tomorrow;
The rally in wave (v) blue continues today but we are close to a reckoning here.
I will be looking for that support break this week to signal a reversal is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold dropped to a new low within wave ‘2’ today which has complicated matters a little.
the price has actually taken out wave ‘1’ at the session low today.
But I think that this action can still fit within the framework of wave ‘2’ black.
I am allowing for an expanded flat correction in wave ‘2’ now.
and that pattern requires a break of the high at 2044 to finish off wave ‘2’.
Then a drop into wave ‘3’ can begin.

Tomorrow;
Watch for wave ‘2’ to close out an expanded flat correction with a pop above 2044.
If the price falls below 2000 again,
that will signal wave ‘3’ has begun already.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I may be forced to rethink the whole pattern in crude oil this week,
if the price refuses to turn down into wave (iii) pretty quickly that is.
The potential for a completed pattern in wave (ii) is still there after todays action.
But wave (iii) needs to begin over the next few sessions,
A drop in wave ‘i’ of (iii) that falls below wave 74.00 again will favor the main count here.
So that is what I a looking for this week.

Tomorrow;
Watch for wave (ii) to hold the lower high below 79.22 at the previous top.
Wave ‘i’ of (iii) must begin by midweek,
and a break of 74.00 again will signal wave ‘i’ is in play.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Another day and another new high in the S&P.
But the opportunity to close out wave (v) blue is still with us here.

The market has reached towards the upper trend line for the wave (v) channel now this evening.
we now have some light selling to complete this session.
the current top is also very close to filling out the larger trend channel for wave [v] green.
And wave (v) of [v] came close to hitting the 162% extension of wave (i) today.
This is another hint at how expended this market is here.

Tomorrow;
watch for wave ‘v’ of (v) to complete in the first half of this week.
Wave (iv) is the level to watch for an initial reversal to break.
That seems like a long way down from here.
but an impulsive reversal could easily take 5% off this market.
That will be something to watch for this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at another possibility for wave (iv) blue today after a failure to hit the wave ‘c’ target in the previous pattern.
Wave (iv) is now shown as a triangle,
and the high today completed wave ‘c’ of (iv).
The price has now turned lower into wave ‘d’ of (iv) this evening.
And this pattern should continue a squeeze in the price range over the next few days if all goes to plan.

This pattern will complete at wave ‘e’ of (iv) in the area of 22.80 by midweek.

Tomorrow;
Watch for wave ‘d’ of (iv) to complete above 22.12 by tomorrow evening.