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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has gone too far now to stay with last nights count.
The next option is best viewed on the 4hr chart.
It is a step backwards,
and involves a larger three wave pattern in wave (b) again.

The impulsive looking action this week is labelled wave ‘c’ of (b).
and the target for wave ‘c’ lies at 1.0979 again.

Tomorrow;
We should see a five wave pattern higher develop over the next few days to complete this flat correction in wave (b).
then wave (c) will turn lower again to get the pattern back on track.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Three waves up in wave [ii] is still the main idea in cable.
The rally this week has completed wave (a) of [ii],
and I am waiting for a correction into wave (B) starting shortly.
Wave (b) should fall back into the 1.2600 area soon.
And then next week will bring wave (c) to complete three waves up later next week.

Tomorrow;
Watch for wave (b) to fall in three waves towards 1.2600 by tomorrow evening.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

It was a real flatline market this week in USDJPY,
and waiting for wave ‘v’ to complete is like watching paint dry.

The larger pattern in wave (i) has definitely lost momentum here,
and it looks like wave ‘v’ is done now this evening.

Tomorrow;
If the wave ‘iv’ low breaks that will suggest wave (ii) has begun.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

After a small rally this morning the Dow is heading lower this evening again.
The upside was tested,
and so far failure.

the pattern has not been proved in wave [i] down yet,
but each step lower we see is getting us closer to that possibility.

Tomorrow;
watch for wave (ii) to hold at todays highs at 39420.
Wave (iii) down should continue into support at about 38500.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The rally has stalled today and the upside moves are getting tighter.
so at the very least I think I can say that we are very close to a top in wave (iii) now.
I can’t say that it has topped out yet until we get a solid retracement back into the 2250 level again.
When that does happen,
that will begin a larger correction in wave (iv).

Tomorrow;
Waiting for the a signal that wave (iii) has topped with a drop into 2250.
Lets see if that will begin before this week closes.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am looking at another idea for wave [c] of ‘2’ tonight after another spike rally this evening.
On the 4hr chart I have shown a smaller wave [a] and [b].
And then a larger wave [c] that has tracked higher in a series of three wave patterns as per an ending diagonal again.
The rally in wave (v) of [c] is ending in this scenario also.
But we can see a larger pattern for wave (v).

On the hourly chart you can see the three wave pattern for wave (v) within its channel.
Wave ‘c’ has expended higher this evening to tag that upper trend channel line again.
and wave ‘c’ can be read as a complete five wave pattern at this high.

Tomorrow;
Lets see what reaction we get off that upper channel line.
WAve ‘c’ of (v) should find resistance here and begin a turn lower.
A break of 80.00 again will be the key here.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market did push higher this morning and came close to a new high again,
but that move has been completely retraced now with a drop back below the wave ‘i’ low again.
It remains to be seen if this is a third wave down or if its only a false start.
Wave ‘iii’ of (i) should push significantly lower over the coming days.
And I might even suggest 5100 again for wave ‘iii’.
We will see soon enough.

Tomorrow;
Watch for wave (i) down to continue in a five wave pattern lower.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver corrected early today and now we have a new high for this pattern.
That can be counted as correction in wave ‘iv’ and a rally in wave ‘v’ this evening.
A slight new high will complete five waves up in wave (v) of [i].
and then I will be looking for a drop back to begin wave (a) of [ii] early next week if this pattern holds up.

Tomorrow;
wave ‘v’ of (v) will have enough time to complete in full tomorrow and we may even see a rejection of the high and then beginning wave (a) down.
A break of 26.00 again will confirm wave [ii] has begun,