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.

Its a pretty slow day in the market today with very little action to work with,
but so far the pattern for wave (b) is still valid,
and I can continue with the expectation that wave ‘c’ of (b) will rally over the next few days to hit the 1.0700 area at a minimum.
The action off the wave ‘b’ low is not that impulsive yet at least,
but as long as wave ‘b’ holds at 1.0577,
then I can stick with this count.

Monday;
Watch for wave ‘c’ of (b) to turn higher on Modnay and break the wave ‘a’ high at 1.0691 at a minimum.
if wave ‘c’ reaches equality with wave ‘a’ that gives a target at 1.0735 to complete.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am looking at the possibility of another smaller degree wave ‘1’ and ‘2’ pattern now in place off the wave ‘ii’ high.
This pattern should lead to an immediate decline on Monday,
if the wave ‘i’ low is broken early on Monday morning that should confirm wave ‘iii’ is underway.
The alternate count for wave ‘B’ red shown on the 4hr chart involves a triangle rather than a typical three wave decline.
Ifr that pattern is correct,
then a break abvoe the wave (ii) high at 1.2270 will confirm that alternate pattern.

Monday;
Watch for wave ‘3’ of ‘iii’ to drop below 1.1914 on Monday morning to confirm the main pattern.
Wave ‘iii’ of (iii) should fall into the 1.1600 area when complete.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is slowly dropping into the minimum target at 135.25.
I have suggested the lower target for wave ‘c’ at 133.90 for this pattern to complete but I will have to wait and see if that target is achievable.
So far this pattern is moving in a correction and until a three wave pattern completes,
then the next leg up will have to wait.

Monday;
Watch for wave ‘c’ to complete eith a break of 135.26 at a minimum.
A break above the wave ‘b’ high again will suggest that wave ‘v’ has begun.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The rally today has hit the target area suggested to complete this pattern by breaking the wave ‘a’ high at 33196.
The high of the session this evening has reached into the centre of the target range also,
so the 50% retracment is now in reach at 33490.
If we hit that level,
that would be a typical level for a second wave retracement to complete.
And at that point I begin to look lower again for wave ‘iii’ of (iii) to begin.
So next week is looking very interesting for a shock decline to begin in wave ‘iii’ of (iii).

Monday;
Watch for wave ‘ii’ to complete near 33500 and then reverse into wave ‘iii’ by midweek at the latest.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is moving along quite well in its pattern this evening also.
The price is now moving higher in wave ‘c’ of (b) as expected.
It is interesting as always to see gold rally along with the stock market again,
and I suspect it will fall into wave (c) along with the nexrt stock market selloff also.
Right now gold is trading just like every other risk asset rising and falling with the general sentiment.
The rally this evening is now very close to hitting the that 1860 target I was looking at.
That level marks the low of the initial drop in wave ‘a’ pink.
So I would like to see this wave (b) top out pretty early next week and then reverse into wave (c).

Monday;
wave ‘c’ of (b) should top out soon.
A drop below 1829 again at wave ‘b’ will signal wave ‘i’ 0f (c) has begun.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Well what a way to come back into patter again!
After a week of very suspect action,
the rally today in crude now favors the main pattern again.

This is the move I was looking for all week,
and it comes at the very last hour of the Fridays session!

The high at wave wave (i) has not been broken just yet,
but once we see a break of that high at 80.74 the main pattern will be confirmed
and wave (iii) should continue higher and break above 82.65 at a minimum.

Monday;
watch for wave ‘i’ to hold at 78.64.
Wave ‘iii’ should break 80.74 and the pattern in wave (iii) should complete five waves up with a break of 82.64 at a minimum.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am going to go out on a limbe here and suggest wave ‘ii’ is now complete at todays high.
The market broke the wave ‘a’ high at 4018 after luch today,
and now is very close to hitting the 50% retracement level at 4058 as I write.
So all the expectations I had for wave ‘ii’ have been met.
I will be looking for an early reversal next week to signal that wave ‘ii’ is done,
and then I can begin to look lower into wave ‘iii’ of (i) of [iii] for the rest of the week.

Monday;
We should know by the end of the session on Monday if wave ‘ii’ has topped out.
A drop below 3940 again will signal wave wave ‘iii’ is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has triggered the alternate count tonight with a break of 21.16 again.
I am now viewing wave ‘C’ as an ending diagonal pattern.

The action off that wave (a) low is in three waves,
so I am calling this small rally wave (b) of [iii],
Wave ‘c’ of (b) should top out near 21.50 again and then turn lower into wave (c) later next week.

Wave (c) of [iii] is left to complete three waves down in wave [iii] and wave [iii] should complete near 20.00 again.

Monday;
Watch for wave (b) of [iii] to compelte a three wave counter trend rally near 21.50.
A break of 20.40 again will signal wave (c) is underway.