Good evening to you all and the Lord’s blessings to you all tonight.

Look at 1929, 1999, 2022 how do you think this is going to play out??

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Price has consolidated today around the 1.0990 level and is pretty flat as we close out this evening.
The action is corrective for sure today,
and I am looking at a possible triangle for wave ‘b’ now rather than a flat correction that I showed yesterday.
This pattern still calls for another leg down in wave ‘c’ to complete wave [ii] with a break of 1.0898 again.

Tomorrow;
Watch for wave ‘c’ of (c) of [ii] to complete.
The price must hold above 1.0806 for this pattern to remain valid.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Wave ‘v’ pink is on course today after yesterdays spike lower and a clear correction now forming below 1.3297.
Wave ‘v’ should trace out five waves down as shown.
and wave ‘2’ of ‘v’ should complete early tomorrow and then price must fall again into wave ‘3’ of ‘v’ by tomorrow evening.

Tomorrow;
Watch for this small corrective lower high to complete below 1.3297.
And then wave ‘3’ will fall below 1.3100 again at a minimum.
Wave ‘v’ should break 1.2998 again at a minimum.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The stretch higher in USDJPY just keeps on going this week.
The high of the session today hit 122.40,
This level has not been seen since December 2015.
So the USD is not dying then is it!

I cant seem to catch the top here in wave (v).
But I can see another solid five wave pattern in place for wave (v) again.
The only thing we need now is a sharp spike lower to break 120.50 again to confirm that wave (a) is underway.

Tomorrow;
Watch for wave (a) to fall in at least three waves over the coming week.
Wave (a) will be confirmed with a break of 120.00 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Well we don’t have much to go on here after todays trade.
The price has a possible impulse structure in place off the top of wave (ii).
But that action is not strong enough yet to confirm that wave (ii) top is in place,
The price is again pushing back towards the high at wave (ii) this evening.
If that wave (ii) high at 34890 actually holds tomorrow,
And a reversal lower occurs again,
that action will add weight to the bearish outlook here.

Tomorrow;
I need to see a very sharp drop beginning tomorrow to signal wave ‘i’ of (iii) is now underway.
Watch for the high at wave (ii) to hold and wave ‘3’ of ‘i’ to fall again to break 33700 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Each day this week has brought the short term pattern in gold closer to that alternate wave (b) scenario.
We now have three waves up in place for that alt wave (b),
and if we see a drop back below 1910 again that will be enough to trigger the alternate pattern.
and we can expect a lower low for wave (c) to develop next week.
The good side of that alternate pattern is that we will se a better entry point at the wave [ii] for anyone who is looking to go long gold.

Tomorrow;
back to the main pattern.
Wave ‘iii’ up must continue higher tomorrow and break the 2000 level again to confirm the main wave count is correct.
1910 is the critical low here,
that level must hold for the main count to remain valid.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has turned lower this evening but so far the action has not given me much to work with.
It is possible that wave (a) of [b] can stumble lower in a three wave pattern over the coming days,
and then the main downside gain will be achieved by wave (c) of [b] next week.
This is just a thesis at the moment,
so I need more confirming price action tomorrow to add weight to this wave count.

Tomorrow;
Watch for wave (a) of [b] to fall back into the 105.00 area in three waves.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has all but retraced back to the highs of the week again.
So I am hanging in limbo again here this evening regarding the top of wave (ii).
I need to see a sharp impulsive move lower in place before I can call wave (ii) complete.
And right now I can’t do that.

Tomorrow;
4595 is the key level in the short term count.
That level must hold tomorrow,
and wave ‘i’ of (iii) must fall in five waves back into the 4200 area again in order to confirm wave (ii) is complete and wave (iii) is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver rallied powerfully today to confirm the new wave count for wave [ii].
The price broke above the upper trend channel line to create a throw-over in wave (c).
And now the price is falling back off the top this evening.
The decline off the top of wave [ii] is not yet impulsive in nature.
so I need to see more downside tomorrow to signal wave (i) of [iii] is underway.

Tomorrow;
Watch for that high at wave [ii] to hold and wave (i) of [iii] to begin tracing out five waves down and break below 25.00 again.