Good evening folks, may the Lord of Hosts Bless you tonight.

So today I started an account on Parler,
you can find me on @bullwaves if you wish!

I don’t know yet if this is a good idea or not,
I think I may be a bit of a luddite at heart,
so I have a general distrust of social media.
But parler seems to be the least horrible platform at the moment
so I will give it a try at least!

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have a lower high in place this evening in EURUSD.
This may be wave (ii) as I have shown,
but as I mentioned in the video this morning,
there is a chance that we will see a larger wave ‘2’ blue come in over the next few days.

As long as the high at 1.2169 holds,
then we are on for a sharp decline into wave (iii) of [i] of ‘3’ starting early next week.

Monday;
Watch for the high at wave ‘2’ to hold at 1.2169.
WAve (iii) down will be confirmed with a break of 1.2023.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding at the highs this evening after running up to the upper trend line.
the price may have completed a five wave expanding wedge at the highs today,
and if that is the case,
we should see a decline begin on Monday in five waves in wave (i) of [i].

Monday;
1.3742 marks the top of wave ‘a’ of (v).
If we see a drop back into that level next week,
that will be the first sign that the trend change is in.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY corrected deeper today off this weeks high,
so far this move lower can be accounted for by wave ‘ii’ pink.
We have see a spike higher off the lows of the session today,
so wave ‘ii’ may even be complete at the lows.

This could be the beginning of wave ‘iii’ of (iii) now.
If the price holds above 105.22 on Monday and continues higher towards 106.22,
then we are looking at the possibility of a significant rally in a third of a third next week.

The alternate count for wave ‘1’ and ‘2’ will allow for a decline back towards 104.40 again.

Monday;
watch for wave ‘ii’ to hold at 105.22.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow traced out a three wave pattern higher off the overnight lows today.
So far the action shows three waves down off the top,
and then three up to a lower high today.

So the larger pattern is still open for interpretation.
It could be a flat correction developing in a 3,3,5 form.
OR,
it may be a series of small impulse wave developing to the downside.
I will just have to wait and see.

Monday;
A break of 31000 on Monday will suggest at least a move into the initial support at 30500.

I suppose I have to allow for a new high in wave ‘v’ also,
That count stays on the table this evening,
even if todays action is corrective to the upside!

Since we have so many Fib relationships and patterns filled out now,
I am still very open to the idea that the market is ready to turn immediately.
we will see soon enough on the front.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has now traced out a three wave pattern higher off the early lows.
This can be interpreted as the full wave (ii) in place,
but I am allowing for a larger flat correction to trace out as shown.
This would bring wave (ii) back up to about 1800 again before completing.

Either way we slice it now,
it looks like wave (iii) of [iii] down is going to begin next week.
And this has the potential to fall into the 1700 area before completing.
So watch out here,
things might get hairy here next week.

Monday;
Watch for wave (ii) to complete at 1800.
A break of 1760 again will signal wave (iii) is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil has traced out a three wave correction to a lower high today also.
This is labelled wave ‘ii’ pink tonight.
And this pattern now suggests we have a top in place.

The price should continue lower into wave (i) next week.
Wave (i) should break the previous fourth wave low at 57.00 again with ease.
Then we should see wave (ii) form a larger lower high.
Crude seems to be on the verge of a large slide over the coming weeks,
once that bearish impulse wave is complete at wave (ii).

Tomorrow;
Watch for the top to hold at wave [v] of ‘C’.
Wave (ii) should complete by Wednesday evening,
and wave (iii) down should fall back into that 53.00 support area.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Another three wave pattern to a lower high is in place today in the S&P today.
It seems that is the theme of tonight’s update!

If wave ‘i’ and ‘ii’ are complete now,
then we should see a decline in wave ‘iii’ of (i) on Monday.
To bring the price back into support at 3830 at wave ‘b’.

It would be very fitting to see a decline begin here.
The wedge is complete in wave [v],
the Fib target was met for wave ‘5’ blue,
longer term momentum seems poised to flip to negative territory.
And sentiment is absolutely wild,
as I have noted in all those anecdotal charts I showed over the last few weeks.

Im ready anyway,
lets see if the market will co-operate this time eh!

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has posted another lower high this evening at wave [ii] green.
The pattern so far is pointing to a decline into wave [iii] next week.
And as long as 27.93 holds,
the risk of a reversal into wave [iii] of ‘3’ is high.

The alternate for wave ‘2’ will be triggered if the price breaks 27.93.
But a break below 26.00 again will rule out that alternate count and we can be pretty sure that wave ‘3’ is underway.

monday;
27.93 must hold and wave [iii] will be confirmed with a break of 26.00 again.

That wraps up another week here,
God Bless you all this weekend.
And thank you for hanging around with me for the week.

The irish govt announced that some schools will be re-opening on march 1st again,
my little 4yr old needs an outlet for all her energy! she is pretty sick of staying at home, as am I!

The older 9yr old would quite happily stay locked down with a good book for years! While the 2yr old is just having a whale of atime all round!

But that news on schools is a welcome blessing in this house for sure!

Adious to you all,
see you on Monday again.
enda.