Good evening folks, And God Bless you all.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has traced out a five wave pattern higher in wave (c) today,
to complete a 3,3,5 pattern in wave [a] of ‘B’ at todays high.
So now if wave [a] is done,
we should see a decline in wave [b] beginning tomorrow,
which will create a higher low above the the low at wave ‘A’ at 1.1700.

Tomorrow;
Watch for wave (a) of [b] to fall back towards 1.1800.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

GBPUSD has taken a step lower towards support at the previous wave ‘b’ at 1.3704.
I am looking at the possibility of an impulsive pattern in wave ‘i’ and ‘ii’ off the wave (ii) high.
If this is the case,
then wave ‘iii’ should accelerate lower break 1.3600 starting tomorrow.
The wave ‘ii’ high at 1.3839 should hold now,
and wave ‘iii’ should head lower.

Tomorrow;
Watch for 1.3839 to hold.
Five waves down should begin in wave ‘iii’ down.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has dropped in three waves overall into the wave [a] low today.
We should see a three wave rally over the next few days in wave [b].
And wave [b] should rally into a lower high towards 110.40.
the previous wave (b) lies at 110.54,
and I suspect that level will act as resistance to this three wave rally.

Tomorrow;
Watch for wave (a) of [b] to head higher again and todays low at 109.57 to hold.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The small move off the high over the last few sessions is a typical correction for sure,
and we will sees a further rally to a new high before the end of this week which should complete five waves up in wave (c) as shown.

Wave ‘iv’ should complete today as a combination correction.
The action all fits in a trend channel and we have held above the previous wave (a) high so far.
All this points to a temporary decline which should be reversed soon in wave ‘v’.

Tomorrow;
Watch for wave ‘iv’ to complete above 33255 at wave (a).
Wave ‘v’ will be confirmed with a break to a new high.
and the initial target remains at the trend line above 33700.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am still tracking this five wave rally in wave (c) which is not complete just yet.
The final high in wave ‘v’ is taking its time,
but this evenings action suggests that wave ‘iv’ is complete and wave ‘v’ is now underway.
The target for wave (c) remains at 1755 where the wave (a) high topped out.
Once that happens we will have a larger flat correction complete in wave [iv] and we can expect wave [v] down to begin off that level.

Tomorrow;
Watch for wave ‘v’ to top out tomorrow with a break of that 1755 high and then turn lower into wave (i) of [v].

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am looking at the possibility of a ‘i’ ‘ii’ pattern in place off the wave (ii) high today.
this count suggests wave (iii) is underway,
and wave ‘iii’ of (iii) should accelerate lower beginning tomorrow.
I cant confirm this count until we get a break of the wave [i] low at 57.26.

The only concern I have is that we have a three wave decline in place of the wave (ii) high also.
This could hint at an alternate wave (ii) grey,
or even an alternate wave [ii] green at one higher degree.
So the key level right now is that wave [i] low at 57.26.

Tomorrow;
Watch for a continued decline into wave (iii).
57.26 is the level to watch for confirmation of the bearish count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is tracing out a triangle in wave ‘iv’ of (c) today.
the price range has contracted all day and the low of that triangle should be in now this evening.

If the triangle is correct,
then wave ‘v’ should push higher tomorrow to a new all time high and reach into that target level at 4120 where wave (c) reaches equality with wave (a).
We have a conjunction of trend line at that level also,
and we have an atmosphere of complete abandon to speculation also to back up the idea of a top.
lets see if that target area acts as a resistance to the rally in wave (c).

Tomorrow;
Watch for the price to hold above todays lows at the wave ‘vi’ low.
and then a break above 4084 again to signal wave ‘v’ has begun.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has not completed wave (iv) nor begun wave (v) today.
The price action was very muted indeed,
and I can now only wait for a decline back below 24.23 at a minimum to signal wave (v) has begun.
If we see any further upside off these current levels,
that will trigger the alternate count,
and that alternate count suggests we have much more downside ahead of us now before complete the larger correction in wave (C) of [2].

Tomorrow;
Watch for wave (v) to begin and drop below 24.23 to confirm.