Good evening folks, the Lord’s Blessings to you all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The wave (ii) high continues to hold today at 1.0753 and as long as that level holds,
then the main bias of this weeks action should be to the downside into wave (iii) of [c].

I cannot confirm that wave (iii) is underway yet though.
only a break of the wave (i) lows at 1.0600 again will do that.
For he moment I am watching for a five wave decline in wave ‘i’ of (iii) to fall into the low 1.06 area as a signal that the turn into wave (iii) has begun.

The wave ‘b’ low is so close to the wave (i) low that it does not offer an early signal,
but I am suggesting that a break of 1.0673 again will signal wave ‘i’ is underway,
and that is a start.

Tomorrow;
Watch for that wave (ii) high to hold at 1.0753.
Wave ‘i’ must continue lower as shown.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I must admit that wave ‘c’ of (ii) is very close to completing a five wave internal pattern here.
The 78.6% retracement level is still a logical target for wave ‘c’ at 1.2621.
but that does not mean wave ‘c’ will get there.
There is enough waves in place now to call this rally done,
so lets see if tomorrow brings a reversal into wave ‘i’ down as shown.

Tomorrow;
Watch for wave ‘c’ of (ii) to complete a five wave internal pattern as shown.
Wave ‘i’ of (iii) should then turn lower and break below the wave ‘b’ low at 1.2448.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A bounce off Fridays lows seems to be tracing out three waves up so far in wave (b).
Wave ‘a’ and ‘b’ are complete at todays higher low.
And wave ‘c’ should top out near 157.50 if this pattern holds tomorrow.
That will close out wave (b) at a 50% retracement of wave (a),
and then I will look lower again into wave (c) of [iv] for the rest of this week.

Wave [iv] green must complete above the wave [i] high at 151.00 or this pattern will be invalidated.

Tomorrow;
Watch for wave (b) of [iv] to complete three waves up near 157.50 as shown.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am narrowing down the options for this pattern tonight.
the recent top is still viewed as wave (iv) of [i] at the moment.
And that should lead to a decline to a new low in wave (v) this week.
That will complete five waves down in wave [i] green.

The alternate count now shows wave [i] complete at the recent lows at 37277.
The initial rally into last weeks highs is labelled as wave (a) of [ii].
Wave (b) completed a higher low late last week,
and now wave (c) of [ii] is making its way towards the 62% retracement level at 38930.

I can’t make a definite choice between both of those counts at the moment.
Both a equally likely until the action favors one over the other.
A break of the wave (iv) high at 38595 will trigger the alternate count though.
while a break of the wave ‘i’ low at 37745 will favor the main count.

Tomorrow;
watch for wave (v) to continue lower to break to a new low for the pattern below 37227.
A break of the wave ‘i’ low at 37745 will signal wave ‘iii’ of (v) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has not shown it’s hand yet as the price continues to hold below the recent high at 2352.
I am going with the idea that wave ‘b’ will work it’s way higher over the coming days.
And wave ‘c’ of ‘b’ should top out near the 62% retracement level at 2377 when this pattern is done.

The action today is not conclusive so I must allow for an earlier turn into wave ‘c’ as a possibility.
A break of 2304 again will signal wave ‘c’ is underway.

Tomorrow;
Watch for wave ‘c’ of ‘b’ to continue towards the target at 2377.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has dropped off the lower high registered at 84.30 today.
the price has traced out three waves down off wave ‘ii’ so far.
The action is going in the right direction,
but the pattern is not convincing yet.

If the price can continue lower and break the initial support at 81.93 again,
then I will be more confident that wave ‘iii’ is taking over.
The price must drop beck below the wave ‘i’ low at 80.70 again to confirm wave ‘iii’ of (iii) is underway.
And even then,
this market must accelerate lower into wave (iii) to confirm the larger pattern.
So there is much more work to do here.

Tomorrow;
Watch for wave ‘iii’ of (iii) to break back below 80.70.
The wave ‘ii’ high must hold at 84.30.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The pattern in the S&P is a little less convincing than in the DOW.
I am giving this market the benefit of the doubt here,
with wave (iv) coming so close to breaking the wave (i) low today,
and even now,
the market is only just holding below 5128 which is saving the pattern for the moment.
The price can easily jump and invalidate this pattern.
So it is a must that the decline into wave (v) of [i] get going tomorrow.
A break to a new low near 4900 again will give a little breathing room to the pattern.
So lets see if that will happen this week.

Tomorrow;
Watch for the wave (i) low to hold at 5128,
wave (v) must continue lower as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The main pattern for wave (a) is holding today.
Wave ‘c’ of (a) should complete a five wave decline below 26.65 if this pattern is correct.
And then once that is done,
I can turn my attention higher into wave (b) for the rest of the week.
Wave ‘c’ will close out the trend channel at 26.00 even.

the action today is corrective in nature so far,
and I am looking for wave ‘5’ of ‘c’ to turn lower again to break support.

The alternate count for wave (b) will be triggered if the price breaks above the wave ‘4’ high at 27.73 again.

Tomorrow;
Watch for wave ‘4’ to hold,
and wave ‘5’ of ‘c’ to continue lower to break 26.65 at a minimum.