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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I thought a break of the wave ‘b’ low at 1.0795 would simplify this pattern,
but not so!

The action did break support for a moment today and then we saw a rebound off the lows.
The action is in favor of the main count,
but so far the internal pattern of wave ‘iii’ down is more messy than I would like to see.
That does indicate to me that there may be something else going on here,
and I will remain cautious because of that.

Tomorrow;
The main count suggests wave ‘3’ of ‘iii’ is now underway.
And that should continue lower tomorrow.
Watch for 1.0864 to hold at wave ‘2’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable remains in the corrective range today and the pattern has not advanced at all.
I am sticking with the idea that wave ‘ii’ is complete now,
and wave ‘iii’ down should make more progress lower in this scenario.

However,
I have shown a possible alternate count for wave [i] down this evening.
Its pretty straight forward, with wave (iii) and (iv) complete.
Wave (v) should turn lower this week to complete wave [i] down in the next few sessions.

Tomorrow;
Watch for wave ‘ii’ to hold at 1.2667,
Wave ‘iii’ down must continue lower as shown.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Its like watching paint dry in the FX market this week.
USDJPY is holding in the corrective range of wave ‘ii’ again today,
and the outlook remains the same.
Wave ‘ii’ must complete above 150.25 and then turn higher into wave (iii) in the coming days.
The sooner that rally begins the better for this count.

Tomorrow;
WAtch for wave ‘c’ of ‘ii’ to hit at low near 150.80 and then turn higher into wave ‘iii’ as shown.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has invalidated the recent count today but I am looking at a more interesting alternate count tonight.
The previous wave [iv] triangle is shown with a tighter count that still works quite well.
From the new wave [iv] low I can count a five wave pattern to the upside in wave [v].
The rally in the last few sessions is labelled as wave (v) of [v].
And a new high can be allowed in this scenario.
In fact we are almost there right now for wave (v) blue.
That will complete five waves up and open the door for a reversal again.

Tomorrow;
Lets see if wave (v) blue can top out with a new high to complete the wave [v] pattern.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

There is alot of hype about the rally today in gold but I do not buy into it to be honest.
The rally has invalidated last nights count for wave (iv),
but this action is very much in line with an expanded flat correction in wave (iv).
The pattern in wave ‘b’ has extended for sure,
but overall we still have a three wave rally into this high.
Wave ‘c’ will take the price back below 2150 again next week.
And then I will look higher into wave (v).

Tomorrow;
Watch for wave ‘b’ to complete three waves up and then turn down into wave (iv).
Five waves down in wave ‘c’ will retrace all of that wave ‘b rally.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil has also rallied today which ruled out last nights count.
The price is holding below the previous wave ‘2’ high this evening,
but it is too close to call at the moment.

There is a pretty good three wave pattern in place into this high,
and that leaves a very small chance that wave (ii) sill top below the highs as shown.
This count will be invalidated pretty quickly tomorrow with a small spike higher to break wave ‘2’.
IF that happens,
then its back to the drawing board for the larger wave ‘2’ pattern.

Tomorrow;
WAtch for the price to hold bekow 83.00.
A drop back into 80.00 again will confirm that wave (iii) is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The actoin this week requires a new approach for wave (v) blue and that it what I am leading with.
In general the upside action is forming a wedge to complete the rally.
this suggests a real lack of momentum at the end of the trend.

Wave (v) is now labelled as a standard five wave pattern though.
And todays rally is viewed as wave ‘v’ of (v).
The upper trend line should keep a hold on this rally in wave ‘v’.
And a new high to complete wave (v) blue will be short lived.

Tomorrow;
Wave ‘v’ pink has already created a double top with wave ‘iii’ this evening,
that satisfies the minimum traget for wave ‘v’ pink.
We will see if the price can drop out of the rising wedge tomorrow to signal a complete pattern.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Its a day of new patterns all round it seems.

I am looking at a slightly different idea for wave (i) and (ii) tonight.
the previous high is labelled wave (i) now.
And the sideways action this week still suggests a correction is in play here.
So this is labelled wave ‘b’ of (ii) now.
Wave ‘c’ must complete the pattern with another decline soon.
this should hit the 50% retracement level at 23.85 to complete.

Tomorrow;
Watch for wave ‘b’ to complete the correction action and then turn lower into wave ‘c’ by the close tomorrow.
A break of 24.32 will signal wave ‘c’ is underway.