Good evening to one and all.

The Lord’s Blessing’s to you all again tonight.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The pattern for wave ‘v’ of (a) has made a new low this evening,
the internal pattern of wave ‘v’ has a possible five wave pattern now complete.
I will admit that wave ‘v’ pink is a messy affair.
But I think we are close to final low now for wave (a) blue.
The price should react higher next week as shown.
But I cannot confirm wave (b) is underway until we get a break above 1.0700 I think.

Monday;
Watch for wave (b) to begin with a rally above 1.07 in wave ‘a’ pink.

The previous wave (iv) low at 1.0480 should offer support to the decline in wave (a).

GBPUSD

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GBPUSD daily.

I am expecting something different in cable if this wave count is correct here.
Wave ‘iii’ of (iii) is now on the cards after another day of lower prices.
The pattern is not confirmed yet,
but if wave ‘iii’ breaks below 1.1840 again that should be enough to confirm this pattern.
Wave ‘iii’ pink could break 1.1600 again before finding support.
This pattern will remain valid as long as wave ‘ii’ holds at 1.2149.

Monday;
Watch for wave ‘iii’ to continue to progress lower and trace out five wave down into the 1.1600 area.
If this wave ‘i’ low at 1.1914 does not break on Monday that will force me to think this pattern over again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY turned higher in an impulsive fashion today and this move seems to confirm my thoughts on the action this week.
The correction in wave ‘4’ of ‘iii’ went on for longer than expected,
but the overnight decline completed a running flat correction,
and now a spike higher in wave ‘5’ is close to finishing the rally in wave ‘iii’.
The 162% extension of wave ‘i’ pink lies at 137.57.
This should be enough to close out this rally and then I will look for wave ‘iv’ of (iii) to begin.

Monday;
Watch for wave ‘iii’ to complete the rally near the target level at 137.57.
Wave ‘iv’ is expected to then fall again back into 133.90 later next week.

DOW JONES.

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DOW daily.

Another break of support at 32930 again today now suggests wave ‘5’ of ‘i’ will trace out an internal five wave pattern itself.
The market is holding off the lows of the session this evening,
and one more spike lower will do the trick to complete the overall pattern in wave ‘i’ pink.
A break below the previous wave (i) low at 32570 will give this bearish pattern a real boost,
and then I will begin looking for the corrective lower high to build in wave ‘ii’ later next week.

Monday;
Watch for wave ‘i’ to complete its pattern with a break of the wave (i) low at 32569.
Next week will involve another correction if this pattern is right.
Wave ‘ii’ is expected to trace out three waves up towards 33500 again.

Then things get really interesting here,
wave ‘iii’ of (iii) of [iii] of ‘3’ is waiting ahead of us!

GOLD

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GOLD daily.

Gold is close to hitting the 50% retracement level of wave [i] now.
This was the initial target area for wave [ii] to hit,
but I dont think this initial decline is enough to satisfy the wave [ii] pattern yet at least.
I am willing to give the market another week to see how the maon pattern develops before turning bullish in a major way here.

There really has not been a corrective reactoin higher large enough to call wave (b) yet.
So that is what I am looking for early next week.
A three wave rally towards the 1860 area will complete wave (b).
and that should be followed by a sharp decline again in wave (c) the following week.

We are getting close to a major low in gold.
but I am going to give this pattern a few more days to see how wave (b) develops.

Monday;
Watch for wave ‘c’ of (a) to find a final low and then turn higher into wave ‘a’ of (b) by Tuesday at the latest.

CRUDE OIL.

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CRUDE OIL daily.

We have a possible ‘i’ ‘ii’ impulse wave in place off todays lows now.
And the spike rally this evening is beginning wave ‘iii’ of (iii) of [c].
This rally should be sustained for a few more days to confirm the main pattern.

Wave ‘iii’ should break above the previous wave (i) high at 80.71,
if that happens,
that will confirm the larger pattern in wave [c].

Monday;
Watch for wave ‘iii’ of (iii) to push higher in five waves with some power behind the move.
Only a break of the wave (i) high will rule out that alternate count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Well,
I was hoping for more downside in wave ‘i’ ,
and also hoping for a break of that support level at 3887 before any corrective retracement began in wave ‘ii’.
Today, the market took another step lower into that preferred target level,
and now I am going to give this pattern a few more days to see if we can get there.

Wave ‘ii’i should still come next week,
and I am looking for a rally in three waves towards the 4050 level for that wave.
But I would be much happier if wave ‘i’ did extend lower before wave ‘ii’ comes.

Monday;
Watch for wave ‘5’ of ‘i’ to extend lower and hit that support at 3887.
Another solid down day will achieve that target.
so wave ‘ii’ can wait until Tuesday or Wednesday to begin.

SILVER.

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SILVER daily.

Silver made a great leap lower today that has completely opened up the wave count for a change of idea here.

I am now looking at a higher degree count,
with todays acceleration lower labelled wave [iii] of ‘C’ of (2).
Wave [iii] is shown as a five wave pattern with wave (iii) looking likely to break initial support at 20.55.
the larger pattern in wave ‘C’ should continue lower next week and possibly bottom out with a break below $20 again later next week.

Monday;
Watch for wave ‘C’ of (2) to trace out five waves down as shown.
This new pattern is still in its early days,
so we need a follow through to the downside next week to confirm the new pattern.