Good evening to one and all.

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

I hope you can forgive me,
I am updating early tonight as I have a splitting headache most of the day.
I need to get into bed early to shake this thing off!

I will run through the charts with a short comment on each.

I will be recording a video in the morning so I will be able to catch up on anything I miss tonight.
Sorry again,
that’s life I’m afraid!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is moving lower off the session high in three waves so far.
I want to see wave ‘i’ of (c) take over now,
so this decline must continue tomorrow to trace out five waves down in wave ‘i’ pink.

Tomorrow;
Watch for a break of the wave ‘a’ high at 1.0747 to signal wave ‘i’ of (c) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am looking at a possible ending diagonal wave ‘v’ to complete wave (c) at todays highs.
It is hard to know if this pattern is complete yet,
but I know that the ending diagonal pattern does explain this choppy action quite well.

Tomorrow;
A break of the wave ‘iv’ low at 1.2178 will signal wave (c) of [b] is complete and then I will focus on wave (i) of [c] down early next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A very slight new low this evening has now brought the decline in wave ‘2’ close to the 78.6% retracement level again.
The decline is losing momentum now as we approach the close of this correction in wave ‘2’,
so I am looking for a reversal pattern to begin next week to signal wave ‘3’ is in play.

Tomorrow;
Watch that wave (iv) high at 133.00,
a break of that level will be the first sign that wave [i] of ‘3’ is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow has confirmed the reversal from yesterdays trade with another spike lower this evening.
There must be a break of the wave ‘1’ low at 31428 again to confirm wave ‘3’ of ‘iii’,
we are not there yet as the action has only traced out three waves down so far.
but I am hopeful that we can break that low tomorrow to at least begin wave ‘3’.

Tomorrow;
The high at wave ‘2’ must hold.
Watch for this new decline to continue lower to break the wave ‘1’ low
and go on to develop into a five wave pattern overall.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding at a lower high again this evening even after a further rally this afternoon.
A full three wave decline in wave (ii) has eluded me so far this week.
I did hope wave (ii) could be complete by the end of this week in order to concentrate on wave (iii) up next week,
but I am forced to wait now to see will the suggested pattern for wave (ii) play out or not.

Tomorrow;
Wave ‘c’ of (ii) woule be a very welcome development now!
Watch for a break of that wave ‘a’ low to signal wave ‘c’ is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is moving lower this evening with the price breaking below the wave ‘a’ high again at 69.80.
Wave (iv) has also held below the wave [i] low at 72.52,
and this is a good sign that we have a solid resistance level in the pattern now.
Wave (v) of [iii] must now continue lower in five waves to break the 64.00 level again.

Tomorrow;
WAtch for wave (iv) to hold.
Wave ‘i’ and ‘ii’ should form a lower high below that level in order to signal wave (v) is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A series of three wave patterns have have plagued the market for the last 10 days,
and todays new low has completed another three waves down off the wave ‘ii’ high.
I am hopeful this new decline will continue tomorrow and bring the decline closer to a five wave impulsive pattern in wave ‘1’ of ‘iii’.

tomorrow;
At the very least the highs at wave ‘ii’ must hold.
A break of the wave ‘b’ low at 3869 will favor the bearish pattern.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has barely moved today and the price continues to overlap around this 23.00 level.
the pattern is not very clear at all here,
there is a definite slow down in momentum now,
this is typical for the end of a wave.
So it is possible that we see a reversal start into wave (a) of [ii] tomorrow.
A break of 22.00 again will signal wave [ii] is underway.