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.

This week is ending with a corrective lower high in place now.
Wave ‘2’ has all the hallmarks of a correction,
overlapping and confused action which has gone nowhere overall.
The acceleration phase into wave ‘3’ of ‘i’ must now wait until next week though.
And wave ‘3’ of ‘i’ should retrace most of the rally in wave ‘c’.
So the target remains at 1.07 for wave ‘i’ overall.

Monday;
the wave (b) high must hold at 1.1075.
Wave ‘3’ of ‘i’ will be confirmed with a break of 1.0900 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has triggered the alterante view of wave ‘ii’ pink today after a rebound off the session lows.
overall the pattern is still corrective to the upside.
and we should see a return lower on Monday once wave ‘ii’ completes.

Monday;
Watch for wave ‘c’ of ‘ii’ to complete with a pip above 1.2474.
And then wave ‘iii’ should begin off that lower high.
A break of 1.2340 again will confirm wave ‘iii’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY finishes the week with another higher low in place at wave ‘ii’ of (iii).
the price even managed to spike higher off the session lows.
So the idea here is that wave ‘iii’ of (iii) is now underway.
A break above 135.12 again will confirm this pattern.

Tomorrow;
Watch for wave ‘ii’ to hold at 133.55.
Wave ‘iii’ of (iii) must turn higher again on Monday to break above 135.12.
With the target for wave ‘iii’ above 13700 at a minimum

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am struggling to make much sense of the action this week in terms of the internal pattern of this initial decline.
I can only suggest that this is an initial stepping process lower to begin a larger five wave decline.
Todays action actually favors this idea because the trade was so tight and corrective looking.
But I cannot discern the pattern yet at least.
so I will wait for another few sessions to label this decline.
As long as the price action keeps building to the downside,
then I think we are on track for the larger pattern.

Monday;
Watch for wave ‘1’ down to continue.
A nice head and shoulders pattern here will bring wave ‘1’ down to the neck line first at 33000 again.
So lets see if that will happen early next week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

It’s a case of so far so good in gold today.
But as with most of the markets,
The major pattern confirming moves in price just have not happened yet.
Gold did manage to fall back to the lows of the week today,
so I am suggesting this move lower is the beginning of wave ‘3’ of ‘a’.
There is more work to be done here though,
as I would like to see wave ‘a’ break below the previous wave ‘iv’ low as an initial target.

Tomorrow;
Watch for wave ‘a’ to continue in a five wave pattern with the target at 1933.
Wave ‘3’ of ‘a’ should head lower on Monday again in order to confirm this pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

This week brough a solid move lower and a possible five wave pattern now complete in wave (i) of [i] of ‘3’.
The small rebound in price this evening is labelled the beginning of wave (ii).
Wave ‘a’ may even have completed at todays high.
If we see a small higher low build on Monday that will confirm wave (ii) is underway.

Monday;
Watch for a three wave pattern in wave (ii) to develop in the first half of next week.
Wave (ii) should push towards 80.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Another corrective day in a very confusing weeks trade.
I was half expecting this wave count in wave (ii) blue to be invalidated this week.
but the highs of the previous wave [ii] have held so far at 4195.
I wish I could elaborate on the action today in a more constructive manner,
but the market gave us absolutely nothing to go on here.
And with that I must wait for the next session to see if we can clarify the patterns in the short term chart.

Monday;
Watch for wave ‘i’ to continue lower and develop into a five wave pattern to confirm the overall wave count.
A break of 4041 again would settle my apprehension on the bearish pattern.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I know the action today is not terribly impulsive looking off wave (ii) just yet,
but I am at least allowing for the possibility that wave (c) is underway here.
A break of 24.60 again will confirm this idea.
So I will have to wait and see if that happens on Monday.
At least the move off the recent top has formed a corrective lower high so far,
and this should lead to another sharp move lower into wave (c) next week.