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.

EURUSD has corrected higher slightly today but I am not sure if this is a correction in wave ‘4’ of ‘i’,
or if this correction higher is working at one degree higher in wave ‘ii’ of (c).
I have shown the alternate count in red.
Both ideas call for the price to hold a lower high early this week,
and then wave ‘iii’ pink should turn lower again towards 1.05 by midweek again.
I am looking for wave (c) to continue lower for the rest of this week and the pattern in wave (c) of [ii] should bottom out near 1.03 later this week.

Tomorrow;
Watch for waves ‘i’ and ‘ii’ to form a lower high below wave (b).
Wave ‘iii’ of (c) should fall again by Wednesday at the latest.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable also corrected higher today in line with a possible wave ‘ii’ count.
The price is holding a lower high below wave [b] at the moment.
I am not entirely happy with the form of that wave ‘i’ decline.
So,
I really do want to see a return lower into wave ‘iii’ of (i) later tomorrow in order to confirm the count.

But everything else is lining up reasonably well for wave [c] to begin this week.
We have a three wave pattern higher completed in wave [b],
and we should see wave (i) of [c] begin pretty soon.

Tomorrow;
Watch for wave ‘ii’ to hold below 1.2342.
If the price returns lower tomorrow and hit the 1.21 area again
that will signal wave ‘iii’ (i) is in play here.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is climbing today but again the internal pattern of this reversal is not satisfactory yet.
The rise off the recent low is in three waves at the moment.
So we need to see another step higher to complete five waves up in wave (i).

I have pointed out the high of wave (iv) as a signal level for the larger pattern in wave [i].
If that level breaks,
it will signal a possible bullish reversal is underway in wave [i] green.
So there is potential in this pattern,
but I need to see confirmation this week.

Tomorrow;
Watch for wave (i) of [i] to continue higher towards 133.02 in five waves.
Wave (i) and (ii) should form a bullish higher low this week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The levitation game continues today in the Dow!

After todays action I have switched to the alternate wave ‘2’ pattern now.
I think the rally off last weeks lows is tracing out a three wave pattern overall.
So I am suggesting a more simple pattern here in wave ‘2’ black.
This pattern requires another rise above 32770 again to complete three waves up.
And then we should be lined up nicely for wave ‘3’ down.

Tomorrow;
Watch for this three wave corrective rally in wave ‘2’ black to complete tomorrow with a pop above 32770.
A sharp reversal into wave ‘3’ of ‘iii’ should then begin.
A break below 31230 again will signal wave ‘3’ is already underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has managed to turn lower today off that possible wave ‘b’ high of Friday.
The minimum target for wave ‘c’ is a break of the wave ‘a’ low at 1933.
I am expecting a firther decline towards that 1880 level to complete a 62% retracement level of wave (i).
Either way,
we should see a significant higher low in wave (ii) complete this week.
Once that does complete,
then wave (iii) of [iii] should begin.

Tomorrow;
Watch for wave ‘c’ of (ii) to hit 1933 at a minimum.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has triggered the alternate count for wave (iv) today.
The rally has traced out three waves up at todays highs,
with the price now touching the upper trend channel line of that channel this evening.

This pattern will remain valid for wave (iv) as long as the wave (i) low remains untouched at 74.80.
If that level breaks I will have to revisit the second alternate count on the 4hr chart.
That alternate call for a rally towards 83.00 again to complete wave ‘2’ blue.

We will cross that bridge if we come to it as they say!

Tomorrow;
Watch for this corrective rally to complete below 74.80 in wave (iv).
Wave (v) must begin with a drop back below 64.80 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P continues to hold below the wave ‘ii’ high at 4040 tonight.
But I am not at all certain about the way this pattern is unfolding here.
I want to see a sharp drop below 3800 to confirm this pattern,
but so far the action is less convincing as an impulsive decline into wave ‘3’ of ‘iii’.

As far as the larger pattern is concerned,
I prefer a sharp decline into wave ‘iii’ of (i) this week.
But I think patience is called for here until we get that next wtep lower to confirm the pattern.

Tomorrow;
Watch for an initial decline below 3868 to favr this bearich count.
The high at 4040 must hold at wave ‘ii’.
Wave ‘3’ of ‘iii’ will be confirmed with a break of 3809 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

This is still quite a choppy looking reversal off last weeks high.
I am suggesting a possible wave ‘a’ of (a) to explain this action.
But tth price must hold below 23.50 as this pattern develops,
and wave ‘b’ of (a) must hold below that level tomorrow.

I need more action to confirm this short term pattern.
Wave ‘c’ of (a) is expected to fall again later in the week to favor this idea.

Tomorrow;
Watch for wave [i] to hold at 23.50.
Wave ‘b’ and ‘c’ must step lower again to complete three waves down towards 22.13.