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

It is Valentines day today and I will be doing the duties of a good husband and I will be cooking a very late and romantic dinner for my wife after she gets home from a long day in the hospital.

so I am trying to keep tonight's update short and sweet.

Blessings of the day to you all, go and give your love a kiss!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has reached the minimum target for this wave count in wave 'iii' by breaking to a new low below 1.0722.
That gives us a bare minimum five wave pattern in wave 'iii' pink.
And technically wave 'iv' can now begin.
I would like to see one more step lower to complete a better five wave form in wave '5' of 'iii'.
but we will know early tomorrow if that is possible or not.
Wave 'iv' has a minimum target at 1.0805 after a three wave rally.

Tomorrow;
Watch for wave '5' of 'iii' to make a new low beck below 1.07.
Then we should look for a correction higher in wave 'iv' to begin.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has not progressed much into wave 'iii' down yet.
The price has corrected sideways today which still favors the main count.
But I would like to see a break of 1.2500 again pretty quickly to confirm this count.

Tomorrow;
Watch for wave '2' to complete a correction near 1.2600 again and then we should see wave '3' of 'iii' of (iii) turn sharply lower again.
!.2686 must hold at wave 'ii'.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is pretty flat today also as the price seems to be correcting in wave 'iii' pink.
Ideally,
wave 'iii' of (iii) should complete five waves up above 151.00.
So I will hold out for that move before looking for wave 'iv' down again.
The main count still has a long way to go before hitting the target for wave (iii) blue.
So lets see if the price can continue higher tomorrow.

Tomorrow;
Watch for wave 'iii' to complete five waves up with a break of 151.00.
149.57 must hold.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW rebounded higher today and so far we have three waves up at todays high.
The market then gave up on that rally leaving the corrective form in place.
I am calling this wave 'iv' of (i) at the moment,
and this count suggests a new decline tomorrow in wave 'v' of (i) as shown.
A break of 38000 again will be a good move in favor of this pattern in wave (i).
So lets give this another day to see how this impulse wave finishes.

Tomorrow;
Watch for one more drop into wave 'v' of (i) near 38000.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has not made an effort to do anything today which suggests the price is holding in correction at the moment.
I am looking for wave '3' of 'iii' to complete an internal five wave pattern with a drop into support at 1972,
A break of that level will be a nice boost to the main bearish pattern.

Tomorrow;
Watch for wave '1' to hold at 2014.
Wave '3' of 'iii' should drop once more to trace out five waves down.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude managed to turn lower today with a relatively sharp spike.
This action saves the main count for the moment,
but we are still in a danger zone here for that wave (ii) correction.
This wave count calls for a rapid decline into wave (iii) blue over the coming days.
And if that does not happen,
then I will be forced to rethink the pattern in wave [iv] green at one higher degree.

Tomorrow;
Watch for wave 'i' of (iii) to drop below 74.00 with an impulsive pattern.
Todays high must hold.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am looking at the idea of a larger wave 'i' and 'ii' pattern covering the decline this week.
And wave 'ii' takes the high of todays session so far.
The rebound off yesterdays lows is still corrective so far,
but we will need another follow through to the downside soon to confirm this idea.
A break of the wave (iv) support at 4840 is the aim for wave (i) down.
so lets see how that develops.

tomorrow;
Watch for wave 'iii' down to turn lower as suggested.
Obviously the recent top must hold for this pattern to gain any momentum here.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has reached the minimum goal for wave 'c' down this week by creating a double bottom in line with wave (iii).
But this is not satisfactory in terms of the lower degree count.
Wave 'c' should trace out five internal waves.
and so far there is only three in place.
I want to see another decline before the end of this week to hit the lower trend line near 21.40 to complete the ending diagonal wave [c] of '2'.

Tomorrow;
Watch for wave 'c' to complete three waves down and close the wedge pattern at the lower trend line.