Good evening to one and all.

The Lord’s Blessing’s to you all again tonight.

https://twitter.com/bullwavesreal

EURUSD.

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EURUSD daily.

Well I think its safe to say that this pattern in EURUSD remains an enigma today.
the rebound today took out the previous high to rule out last nights pattern.
And now we must return to the drawing board again to figure out wave ‘c’ of (b).
I am still pretty happy with the idea that we are toping in wave (b) of [ii].
the expanded flat pattern wave [ii] will allow for this high before turning lower into wave ‘i’ of (c).
The problem arises in wave ‘c’ of (b).
The pattern in wave ‘c’ is just difficult to figure out.
With all the time and effort wave ‘c’ has taken off that wave ‘b’ low,
the wave still has not reached equality in length with wave ‘a’ as seen by the Fibonacci grid.

I am looking at another version of an ending diagonal tonight for wave ‘c’ of (b).
That is a typical wedge pattern.
As usual,
this can only be confirmed by a decline back into wave ‘i’ of (c).

Tomorrow;
watch for wave ‘1’ of ‘c’ to fall back below 1.0900 again to begin wave ‘c’.

GBPUSD

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It is a similar sob story in cable tonight!

The price managed to hit a new high for this wave ‘ii’ correction today.
but this move has not invalidated the overall ‘i’ ‘ii’ pattern.
the internal pattern in wave ‘ii’ is different,
but I am still looking for wave ‘iii’ down to begin this week.

Tomorrow;
Wave ‘1’ of ‘iii’ should retrace most of that wave ‘ii’ correction.
WAtch for a break of 1.2350 to signal wave ‘iii’ is underway.

USDJPY.

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USDJPY daily.

USDJPY has completed a larger three wave correction into the wave ‘ii’ lows today.
that low filled a trend channel perfectly at the lows.
Wave ‘ii’ broke below the 62% retracement level at 133.20 before bouncing back into the channel again tonight.
This pattern definitely has the look of a bullish impulse wave.
We will see if wave ‘iii’ can now begin and push back above the wave ‘i’ high at 135.12 again.

Tomorrow;
Watch for wave ‘ii’ to hold at 133.00.
WAve ‘1’ of ‘iii’ should break above the wave ‘i’ high at 135.12 again.

DOW JONES.

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I am writing this an hour before the close tonight and the market is on the verge of hitting the initial suppor at 33270.
It has taken three weeks since that wave ‘4’ low,
to crest the top and turn back lower to this point again.
And all throughout that time the action never gave away the its secret.
But here we are back to square one and now the probability is rising that the top is in for wave (ii) with every tick lower off that top.
The pattern off the high has not traced out five waves down yet.
But we are getting close for sure.

The decline this week is tracing out a clearer internal five wave pattern.
So this can be viewed as a third wave within wave ‘1’ black.
I want to see a five wave pattern complete in wave ‘1’ black this week.
So we are on track for that goal so far.
A break of support and a five wave pattern into wave ‘1’ will increase the probability that wave ‘i’ of (iii) is now underway.

Tomorrow;
Watch for wave ‘1’ down to complete an impulsive decline to begin wave ‘i’ of (iii).
Wave ‘1’ black has retraced all of the previous wave ‘5’ so far,
but I want to see another step lower to complete five waves down in wave ‘1’.

GOLD

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Another close call at todays highs for gold but the pattern into wave ‘3’ still holds.
This count suggests we will see an impulsive decline into wave ‘3’ of ‘a’ take place now.
And a break of the 1968 will signal that wave ‘3’ if ‘a’ is underway.
1933 remains the target for wave ‘3’ of ‘a’,
so lets see if wave ‘3’ can take over the reins tomorrow and carry the price lower for the rest of the week.

Tomorrow;
Watch for wave ‘a’ to continue lower in wave ‘3’ black.
A break of 1968 will signal wave ‘3’ is in play.

CRUDE OIL.

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Crude oil took another beating this evening and has now closed the gap rally that happened at the end of March with the opec meeting.
I have labelled this acceleration lower today as wave ‘iii’ of (iii) of [i].
I can’t be certain of that count though,
as I did expect a larger retracement higher in wave ‘ii’ of (ii).

But,
the action fits a third wave acceleration right now so I can go with it I suppose.

Tomorrow;
Watch for a clear five wave pattern to complete in wave ‘iii’ pink tomorrow,
with a target near 72.00.
And then a correction higher in wave ‘iv’ of (iii) by Friday evening.

S&P 500.

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S&P 500 daily.

We are getting closer to an impulsive pattern lower in the S&P now after todays action.
The market has broken the first support at the previous wave ‘4’ this evening.
And now the wave ‘a’ high at 4040 is near at hand.
I am looking for wave ‘3’ of ‘i’ to break that wave ‘a’ high.
And in an ideal pattern,
wave ‘4’ should then consolidate below that level as shown.
IF all goes to plan over the next few sessinos,
then we may well have a five wave pattern complete in wave ‘i’ by Friday evening.

Tomorrow;
Watch for wave ‘3’ of ‘i’ down to complete with a break of the wave ‘a’ high at 4040 tomorrow.

SILVER.

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SILVER daily.

Silver may have completed a running flat correction at the wave (b) high today.
Wave ‘c’ of (b) completed a lower high again as suggested.
and now the price has dropped off wave (b) again this evening.
If wave (c) is now underway,
then we should see a five wave decline develop over the coming few days.
Wave ‘i’ and ‘ii’ should complete a lower high below 25.21 tomorrow.
And then wave (c) should get underway correctly by Friday.

Tomorrow;
Watch for wave (c) to continue lower in a five wave pattern as shown.
In an ideal pattern,
wave ‘i’ of (c) should break the wave ‘b’ low at 24.48.