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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

After another very quiet day in the FX market we now have an overlap between the low of the session,
and the previous high of wave ‘1’ black.
this rules out the alternate count from Friday,
and now I will concentrate on the beginning of wave (c) down.

The decline into wave (c) will not be confirmed until we see a break of the wave ‘b’ low at 1.0795.
wave (c) must now drop in five waves from here,
and I am suggesting that wave ‘i’ and ‘ii’ of (c) is now underway off the top.
A lower high will form in wave ‘ii’ by midweek,
and the main thrust into wave ‘iii’ will come later in the week.

Tomorrow;
watch for wave ‘ii’ to form a lower high in the next few sessions.
The high at 1.0962 must hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is getting close to hitting the invalidation level at 1.2708 at the wave (i) high again tonight.
I am surprised that wave (i) is holding again today,
but as long as that level holds,
then I will expect wave (v) to turn higher.
Its a close call here now,
and if the price does not turn higher into wave (v) soon,
then we are left with a possible turn into wave ‘3’ again.

Tomorrow;
Watch for wave (i) to hold t 1.2708.
Wave (v) of [c] should turn higher again for the next few sessions and top out above the wave (iii) high at 1.2893.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A very flat day today and I am pretty sure that wave (ii) is getting ready to correct lower as shown.
Wave ‘a’ of (ii) should begin with a drop into the 149.00 level,
and if that happens,
we can confirm wave (ii) is underway.
Wave (ii) will take up most of this week in this scenario.
and I am looking at the 50% retracement level at 147.90 as a target area for wave (ii).

Tomorrow;
WAtch for wave (ii) to begin a three wave decline as shown where wave ‘a’ of (ii) will fall into the 148.00 area.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

So far three waves down in wave ‘b’ is holding at Fridays lows.
and so,
the larger pattern for wave (v) blue is holding also.
The price did turn higher in a small way today,
and if wave ‘c’ is getting underway here then we can expect a five wave pattern into the high of wave ‘c’ of (v).
This will complete the ending diagonal pattern that I am tracking here.
So the pattern is set for the next few days,
wave ‘c’ must top out at a new high which will only take a couple of days at the most.
This week is lining up to be very interesting if all goes to plan here.

Tomorrow;
Watch for wave (iv) to hold at 38450.
Wave (v) of [v] should top by midweek if all goes well.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A new low today that broke the wave ‘b’ low at 2150 has invalidated the triangle idea for wave ‘b’.
I am now looking at a possible running flat idea for wave ‘b’ of (iv).
The reason for this new pattern in wave ‘b’ is the clear three wave decline into the session low today.
that suggests a larger wave ‘b’ pattern is in play here,
and the closest pattern now for wave ‘c’ is a running flat.

Tomorrow;
Watch for wave ‘b’ to top out possibly tomorrow near 2180.
Wave ‘c’ of (iv) should then turn lower again in five waves.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Lets start on the 4hr chart tonight.
The rally in wave ‘2’ blue has now broken above the 50% retracement level of wave ‘1’ after todays rally.
That level lies at 81.09,
with the 62% level at 84.16.
And now that the standard Fibonacci retracement level has been reached for a second wave,
We should see a top form in wave ‘2’ soon.
And,
I do think we will see a reversal form into wave ‘3’ beginning this week.

Tomorrow;
The rally in wave (v) of [c] is in the area where a top should form for wave ‘2’.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The Show must go on!

The S&P has not hit a new high yet in wave ‘v’ of (v),
but that should happen by midweek in this scenario.
Wave ‘v’ should trace out three waves up,
I have shown a three wave form to the upside in wave ‘v’ of (v) tonight and this pattern will close out the ending diagonal pattern.
The price action is continuing the range narrowing as this pattern progresses also,
so I am reasonably confident on this pattern now.

This rally in wave (v) of [v] of ‘C’ of (B) should be wrapped up this week.
And of course the hunt for wave (i) down then begins.

Tomorrow;
Watch for wave ‘v’ to complete three waves up as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The price looks to be moving lower off a possible top in wave ‘v’ of (i) last Friday.
There is not enough action yet to confirm this,
but I think we are at the point now for wave (ii) to begin.

Wave ‘a’ of (ii) is projected to the previous wave ‘iv’ low at 23.98,
and from there wave ‘b’ will form a lower high as shown.
There is a whole lot of work to do here in wave (ii) so I am only speculating here,
but I have shown an initial target for wave (ii) at 23.67 at the 50% retracement level of wave (i).
So,
lets see how that goes.

Tomorrow;
Watch for wave ‘a’ of (ii) to continue lower over the next few days,
the initial target area for wave ‘a’ lies at the previous wave ‘iv’ low at 23.98.