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.

Last night the wave ‘2’ high was so close to invalidating this short term count that I was ready to ditch the pattern.
But today EURUSD has redeemed itself somewhat.
The price turned lower in an impulsive fashion finally today,
and while the count has not been confirmed yet,
the action does suggest wave ‘3’ of ‘i’ is now in play.

Tomorrow;
Watch for wave ‘3’ to continue lower and to break the wave ‘1’ low at 1.0908 to confirm the pattern.
I want to see wave ‘3’ fall back to 1.0786 at wave ‘2’,
this level should offer support to begin wave ‘4’.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable fell in an impulsive manner also today.
The high of wave ‘ii’ broke the upper channel line and then turned down sharply today.
Just like EURUSD,
the main wave count needs more downside for the main pattern to be confirmed,
and I want to see wave ‘1’ fall into 1.2350 again at wave ‘i’.
If we see a break of that wave ‘i’ low,
that should confirm the pattern.

Tomorrow;
Watch for wave ‘1’ of ‘iii’ to fall into 1.2350.
Wave ‘iii’ pink is expected to continue towards 1.2200 as an initial target.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Well the downside caught all the big three USDX markets today which is surprising.
I know I was a bit worried about the pattern last night,
but today I am willing to be more forgiving as wave ‘ii’ completes.
The pattern off the wave ‘i’ high is still very corrective looking and in three waves.
The price is approaching the 62% retracement level of wave ‘i’ tonight.
And the trend channel is almost filled even this evening.
So this corrective decline in wave ‘ii’ should find a low near 133.20.
And wave ‘iii’ should then turn higher again.

Tomorrow;
watch for wave ‘ii’ pink to complete and then reverse higher as shown.
A break above 135.12 again will confirm wave ‘iii’ is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Some conviction actually hit the market today, which is nice for a change.
While we are still in a state of non confirmatoin here,
the main wave count has at least received a probability boost from todays spike decline.
I am looking again at the previous wave ‘4’ low at 33270 as a signal level for this reversal.
a break below that level will suggest wave ‘c’ of (ii) is complete and wave ‘1’ of ‘i’ of (iii) is underway.
You can see the suggested head and shoulders pattern that wave ‘1’ and ‘2’ would create if the pattern worked out in an ideal manner.
That would be a good signal that wave ‘i’ of (iii) was about to accelerate lower.

So I will continue watch for wave ‘1’ of ‘i’ to break initial support over the next few sessions.
If we saw a completed five wave down by the end of this week,
I would be happy with that.

Tomorrow;
Watch for wave ‘1’ black to continue lower and develop into a five wave pattern by the end of this week.
33270 is the initial target.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A larger three wave pattern has again formed a lower high below wave ‘2’ this evening.
At the moment this actoin is suggesting that wave ‘3’ of ‘a’ is underway here.
And if this count is correct,
then we should see a sharp decline into the 1933 area by the end of this week.
The full five waves down in wave ‘a’ is expected to break 1900 again,
so we may have to wait a while for that to happen.

Tomorrow;
Watch for wave ‘3’ of ‘a’ to be confirmed with a break below 1968 again.
I want to see a break of 1933 to complete wave ‘3’.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil moved sharply lower again today and the theme of a trend change underway is still in force here.
Wave (i) and (ii) formed a lower high yesterday.
And now wave ‘i’ of (iii) has turned lower again to break the wave (i) level at todays lows.
I am looking for wave ‘ii’ to form a lower high again this week.
And this will be a good signal that wave ‘iii’ of (iii) is about to extend the decline possibly next week.

Tomorrow;
watch for wave ‘i’ and ‘ii’ to complete as suggested over the next few sessions.
Wave ‘iii’ of (iii) will be confirmed with a sharp decline back below 75.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The count off the top that I am showing this evening is speculative for sure.
I know the initial decline off the wave (ii) high is lacking a proper impulsive structure.
I am suggesting a possible leading wedge wave ‘1’ here,
but I cant be sure of that at all.
The decline today is more fitting of a trend change into wave ‘i’ of (iii).
And it comes in the position of a third wave also.
So that is the main reason I am suggesting wave ‘i’ is now underway.

Tomorrow;
If this count is correct here,
then wave ‘3’ of ‘i’ should continue lower tomorrow.
I am looking for a break of the wave ‘a’ hgih at 4040.
And that would be another solid hat tip at major reversal building here.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver broke to a new low below the wave (a) low early today but the price has since bounced back to flat for the week.
The price has traced out three waves down into today lows.
And that suggests wave ‘b’ complete at that low.
Also that rally today can be viewed as wave ‘c’ of (b).
So,
I am looking at a possible running flat correction for wave (b) now.
In this case wave ‘c’ does not have to break above the wave ‘a’ high at 25.49.
And if that is correct,
wave (b) should complete tomorrow and wave (c) down is free to begin.

Tomorrow;
Watch for wave ‘c’ of (b) to complete in the area of 25.20.
Wave ‘i’ of (c) should break below 24.50 again by the Thursday at the latest.