Good evening folks, God Bless you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is running higher today without creating any significant pullback or higher low above the wave [b] low.
The main count still stands though,
and as long as the price keeps moving within the trend channel,
then we are on course for a lower high to form this week in wave ‘B’ as shown.

Tomorrow;
Wave [c] of ‘B’ has already reached the area of the previous wave [b] high.
And we are approaching the 50% retracement level at 1.2025 also.
So we are right in the area for wave ‘B’ to top out now.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The correction in wave ‘ii’ is really close to completing now after a long draw out grind higher over the last few sessions.
The price has filled the trend channel again today,
and I suspect we will see a reversal into wave ‘iii’ begin very soon.
Once the price declines back below 1.3669 again that will signal wave ‘iii’ has begun.

Tomorrow;
Wave ‘ii’ should top out tomorrow and fall back into the wave ‘i’ low again.
If we are about to move down in wave ‘iii’ of (iii),
then we should see a clear acceleration lower in five waves over the coming days.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The price broke the previous wave [a] low today as wave (b) completed.
wave [b] is classified as an expanded flat correction because of that break,
and now we should see a rally back into the wave (a) high at 109.96 again to complete wave [b].

The alternate count for wave [c] gets a boost today also because of that break.
If the price continues into the low at 108.40 again,
that will signal wave ‘4’ is completing earlier than expected.

Tomorrow;
Watch for wave (c) to turn higher and break the wave (a) high at 109.96 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The action over the last few days has opened up a new possibility for wave (c) of [v].
that involves an ending diagonal pattern in wave (c).
we had a small break of the wave ‘i’ high as wave ‘iv’ completed,
and this action is only allowed for in an ending diagonal.

The pattern is drawing to a close now and we should see an impulsive move lower before the end of the week.

If this is true,
then we have an ending diagonal in wave (c) to complete an ending diagonal in wave ‘5’.
This has got to be a unique pattern setup for a very unique time in history!
Seems fitting really, for such a time as this!

Tomorrow;
another move to a new high will likely rule out the ending diagonal in wave (c),
so I would like to see this impulse wave lower begin sooner rather than later.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has moved lower off that wave (ii) high today which is inline with the count,
but without a break of the recent low at 1722 yet to confirm wave (iii) has begun.
So at the moment we are at in limbo regarding the wave count.
I need to see an acceleration lower into wave (iii) begin very soon to confirm that wave [iv] has completed,
and wave [v] has begun.

Tomorrow;
Watch for the wave [iv] high at 1758 to hold again.
Wave (iii) down needs to begin now in order to stick with the main wave count.

1722 is the key level to confirm wave (iii) of [v].

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Well todays action totally blew two short term counts out of the water!
The break above 60.76 ruled out a move into wave (iii) down.
And the spike higher this afternoon ruled out the alternate wave (iv) triangle count.

The pattern has now reverted to a larger wave [ii] green.
The make up of wave [ii] does involve a triangle in wave (b).
And the rally today is viewed as wave (c) of [ii].

Price has broken above the wave (a) high again
which is the minimum target for wave (a).

And the price is close to hitting the 62% retracement of wave [i],
the trend channel is almost filled again in wave [ii] also.

So again we are at a critical point in this larger wave count.
Wave [iii] down is the next major move ahead of us.

Tomorrow;
Watch for wave (c) to complete at the upper trend channel line.
Wave (b) lies at 58.74,
a break of that level again will signal wave [iii] down is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The pattern in the S&P does very close to fully filled out now!
the decline this evening is labelled as wave ‘4’ of ‘v’.
With room for another push higher into wave ‘5’ of ‘v’ to complete the larger wave (c).
AS I mentioned las night,
the price has hit the first trend line hurdle and failed so far,
I am not against a test if the upper trend line to complete the pattern tough,
so lets see if that happens tomorrow.

The first major support below us now is 3988,
only a break of that level will signal wave [v] is done.
And then we can start looking for a reversal pattern and a lower high to complete off the top.

Tomorrow;
Watch for wave ‘5’ of ‘v’ to top out and a five wave decline off the top to begin.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am reconsidering the pattern in wave (ii) tonight after another day without a fall to begin wave (iii).
There is a possibility that wave (ii) completed a running flat wave ‘b’ last week,
which is now followed by a rally in wave ‘c’ this week.
Wave ‘c’ has not broken to a new high yet,
but todays corrective looking action should be followed by a spike to a new high to complete wave (ii).

This pattern does not change my view that we are going to see another new low in silver as wave [2] completes over the coming month.
But for now the pattern has a little breathing room to complete another lower high in wave (ii) this week.

Tomorrow;
watch for wave ‘c’ to complete above 25.60 and then reverse into wave (iii) by Friday evening.