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

Bank Incomes Plummeting

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Ok,
it looks like we have five waves up now in wave ‘c’ of (b).
The spike higher today is now close to hitting the 62% retracement of wave (a).
the overall pattern for wave (b) has completed a flat correction.
so I think its time to look for a reversal off wave (b) starting soon.

Tomorrow;
Watch for wave ‘c’ of (b) to close out the trend channel after three waves up.
I am looking at 1.0968 as a target for wave (b) to complete.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Time to start again on the wave count for cable.
The rally this week has pushed too far to stay with the previous wave count.

on the 4hr chart I have shown a possible three wave scenario for wave ‘2’ red.
The sideways action over the last months is explained by a triangle wave [b].
And the rise into wave [c] is tracing out a five wave pattern now.

The internal count for wave [c] is not ideal even with this new rally this week.
There are many overlapping sub waves,
and this usually fits better in a corrective scenario.
I suspect the pattern will clear up as the days go on,
and we will see what form wave [c] finally takes.

Tomorrow;
Watch for wave [c] of ‘2’ to trace out a five wave pattern higher over the coming days.
Wave ‘2’ must complete below 1.3140.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

IT looks like USDJPY took the que and ran with the new count!

The overnight trade was hard down in wave (c) of [ii].
the price has already achieved most of the expexcted decline in wave [ii],
so there is not a whole lot left to do here.
Wave (c) should complete five waves down over the next few days,
and the target for wave (c) lies near 146.00 at the previous fourth wave low.

Tomorrow;
Watch for wave ‘iv’ of (c) to track sideways tomorrow and complete a consolidation near current levels.
Wave ‘v’ of (c) will then turn lower again towards the target level.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The S&P made a new high today,
but the Dow has so far failed in the attempt.
The market has so far traced out three waves up to this lower high.
And that leans toward the corrective idea at the moment.
I am going to stick with the main count here unless we see a break of the wave (ii) lows at 38000 again.
So the target for wave (v) remains at 39460 at the 62% Fib extension level as shown.

Tomorrow;
WAve (v) will complete the ending diagonal with a three wave rally to break above wave (iii) at a minimum.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Well,
The latest rally in gold is close to hitting an important milestone today.
Wave (iii) will reach the 162% extension of wave (i) at 2174.
And today wave (iii) hit a high of 2164.
so,
its a close call,
but I am leaning in favor of the idea that wave (iii) is now done here.

If so,
wave (iv) should correct back over the next few days in three waves.
The test for this wave count will come at the wave (i) high at 2188.
If the market breaks that level,
then I will reconsider the bullish count.

For now,
we are safe.

tomorrow;
Watch for wave ‘v’ of (iii) tonight 2174 and then wave (iv) will be set to take over next week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is holding below the wave ‘2’ highs again today.
The Idea here is for wave [i] down to build an impulsive decline over the coming weeks.
A break below 75.76 again at wave (iv) will favor the bearish count.
That support should break in wave (iii) of [i].
and wave [i] has a lower target near 71.43.

it is important now for the reversal pattern to take over the action now.
A break of 75.76 is the first hurdle.

Tomorrow;
Watch for wave ‘2’ to hold.
Wave (iii) of [i] must fall to break support at wave (iv) and complete five waves down below that level.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The ending diagonal pattern for wave (v) has now been satisfied here.
Wave ‘v’ of (v) has traced out a three wave pattern up to a new high.
and the upper trend line is close above now.
The upper target for wave ‘C’ has not been met yet.
But that will not even happen if this pattern for wave (v) is already complete.
That target level lies at 5215 where wave ‘C’ reaches equality with wave ‘A’.

Tomorrow;
Lets see how the action goes tomorrow.
A drop back below the wave ‘iv’ low at 5056 again will be a good hint that wave (v) is done.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has hit a new high today for wave ‘iii’ of (i).
The 162% extension of wave ‘i’ lies at 24.80,
so we are close to hitting that now.

The price has completed five waves up in wave ‘iii’,
and it is time to look for a top in wave ‘iii’ pretty soon,
and for wave ‘iv’ to turn lower as shown.

If that does happen,
then the test for this bullish pattern will be underway.
Wave ‘iv’ must complete above the wave ‘i’ high at 23.50.
And if that breaks,
then there will be pressure on the bullish interpretation overall.

Tomorrow;
Watch for wave ‘iii’ to top out and wave