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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

As far as the alternate count is concerned,
the price has traced out a three wave pattern lower off the top now.
And this is right in line with the alternate wave ‘b’ of (iv).
The price must break above 1.0887 to confirm that count.
And in that case wave (iv) will complete close to 1.1000 again.

The main count is still right on track here also.
So I am going to allow the action to decide where we go from here.
A decline back below 1.0795 will signal wave ‘iii’ of (v) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Waiting for wave ‘c’ to complete is turning into a bit of a comedy at this point.
The price fell back off the target level today and now we seems to be creating a lower high pattern.
If the price turns lower again tomorrow,
then I will concede that wave ‘iii’ has begin,
until that point,
it is a wait and see moment.

Tomorrow;
Wave ‘ii’ is holding onto the price action for quite a while now,
so its high time that the next leg actually started.
Watch for wave ‘ii’ to complete tomorrow,
and for a drop back below 1.2600 again to begin wave ‘iii’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am switching between patterns for wave (iv) every day this week.
The price has again ruled out last nights pattern and I am back to suggesting a triangle for wave (iv).
And now we have the beginning moves higher in wave (v) of [iii].

Wave ‘iii’ of (v) should continue higher tomorrow and break out above the wave (iii) high at 150.89 to confirm this pattern.

Tomorrow;
Watch for the wave (iv) triangle low at 150.16 to hold from here on out.
Wave ‘iii’ of (v) must continue higher for the rest of the week in this scenario.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow has now dropped back below that wave ‘i’ high today after drifting lower today.
I am not going to read much into this action other than we now have a wave ‘i’ violation.
the larger pattern in wave (v) can allow for a new high in wave ‘v’ of (v).
and in this case,
it seems wave (V) blue is now an expanding wedge,
which itself completes a larger expanding wedge!
Things are getting tricky at the end of this huge wave (B) pattern.

Tomorrow;
Watch for a run higher into wave ‘v’ of [v] of ‘C’.
I will be more willing to suggest a top is in place if we get a drop below 38000 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has turned slightly higher today into a possible wave ‘3’ of ‘c’.
It is taking a login time to make progress into wave ‘c’ this week,
but the short term action is in line with the wave count so far.
I want to see a sustained climb higher tomorrow to break above 2065 to confirm this count.
And after we have a clear five wave pattern higher in wave ‘c’ next week,
then I can turn my attention lower again.

Tomorrow;
Watch for wave ‘2’ to hold at 2015.
Wave ‘3’ of ‘c’ is expected to hit that 2065 high at a minimum.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

We do have a small five wave pattern higher in place this evening at the session high.
I am going out on a limb here suggesting that the larger pattern for wave [c] of ‘2’ is now in place,
but the minimum target for this pattern has been hit today by breaking to a new high above wave (iii).
The fact that the price turned lower off the high is a nice addition to the equation.
But I do think it is worth looking at a possible top for wave [c] now,
and maybe a reversal into wave [i] before the end of this week.

Tomorrow;
Watch for a decline back below wave (iv) again at 75.76 to signal the price has topped in wave ‘2’.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The possibility for a new high in wave ‘v’ remains today after as the market is holding in a corrective form above the wave ‘i’ high again.
Wave (v) blue has not completed a clear five wave pattern yet,
and when it does,
then I will turn my attention lower for sure.

At the moment,
I am looking at a wedge form in wave (v) as the price range contracts as the pattern builds.
The final pop into wave ‘v’ of (v) should be quick,
and a proper impulsive decline off that top should take the market down to the wave [iv] lows.
So until that day comes,
the final high for wave ‘v’ of (v) of [v] looms.

Tomorrow;
Watch for wave (v) to complete its pattern as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has failed to deliver a decisive move lower into wave ‘c’ of (v) so far.
The main count si stilll calling out for that decline to come,
but so far we have nothing to show for it.

I am beginning to think that there may be something different going on here
rather than the straight forward five wave decline into wave ‘c’ as shown.
If that final decline into wave ‘c’ does not happen this week,
then I will consider a more bullish interpretation for this action.

Tomorrow;
Wave ‘b’ must hold at 22.99.
Watch for wave ‘c’ of (v) to fall into the target area to complete the larger corrective pattern in wave ‘2’ this week.
A break of 21.92 will favor this count.