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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has moved back off the wave (ii) high today and now I can look towards the larger wave (iii) decline.
Wave ‘i’ of (iii) should fall back into support at 1.0600 this week.
And todays move has now fallen back into the wave ‘1’ low at 1.0673 again.
A break of that level will suggest wave ‘3’ of ‘i’ is underway.
And five waves down should complete wave ‘i’ near support.

Tomorrow;
Watch for a break of 1.0673 to signal wave ‘i’ of (iii) is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has turned the corner today and I am now suggesting that wave ‘c’ of (ii) is complete at Mondays high.
The turn down has not broken the wave ‘b’ low at 1.2448 yet,
only a break of that level will confirm wave ‘i’.
And once that is done,
then I can concentrate on the larger wave (iii) down.
One step at a time.

Tomorrow;
Watch for wave (ii) to hold at 1.2570.
Wave ‘i’ of (iii) must break 1.2448 at a minimum.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY moved higher today into wave ‘c’ of (b) as suggested.
And now USDJPY has broken above the 50% retracement level of the decline into wave (a) at todays highs.
IF this count is correct,
then wave (b) should top out soon and then we will see a reversal into wave (c) come our way this week.

Wave ‘i’ of (c) should fall back into the wave ‘b’ lows at 155.10 again.
And at then a five wave decline into wave (c) can get underway.

Tomorrow;
Watch for wave ‘c’ of (ii) to top out pretty soon.
Wave ‘i’ of (c) should then fall back into a five wave decline over the coming weeks.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW moved back off the wave (iv) level again today,
and while this is not yet confirmation of the count for wave (v),
it is definitely a vote in favor!

The wave ‘i’ low at 37745 is the first level to keep in mind here.
A break of that level will signal wave ‘iii’ of (v) is underway.
And wave (v) must break below the wave (iii) low at 37227 at a minimum.

Todays action is favorable to the main wave count,
but it does not rule out the alternate count at all yet.
A break of that wave (iii) low will do that.
So there is still a measure of doubt in the main count.

Tomorrow;
Watch for wave ‘iii’ of (v) to fall into the wave (iii) support at 37227.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I have switched back to the previous count for wave ‘b’ after todays drop,
so we seems to be back on track here in wave ‘c’ of (iv).

Gold has fallen back to meet the wave ‘a’ low again and the price is finding some support there as I write.
I am still allowing for a much larger wave ‘c’ decline ahead of us,
so this support must break pretty soon to confirm wave ‘c’ of (iv).

I have marked a possible target low for wave (ic) at 2213.
This is the level where waves ‘a’ and ‘c’ reach equality.
So I am looking for a five wave decline into wave ‘c’ over the rest of this week.

Tomorrow;
Watch for wave ‘b’ to hold at 2352.
Wave ‘c’ should trace out a five wave decline towards 2213 over the coming days.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil is making further progress lower today and now the main count is looking a bit more likely again.
The price has not broken the wave ‘i’ low yet though.
80.70 is offering support this evening and the price has bounced off that level.
So there is more work to do here to confirm the wave ‘iii’ of (iii) wave count.

Wave ‘iii’ has an initial target at 7935,
where wave ‘iii’ reaches equality with wave ‘i’.
If the market manages that target,
then we can look at the possibilities for the larger pattern.

Tomorrow;
Watch for wave ‘ii’ to hold at 84.30.
Wave ‘iii’ down must continue into 79.35 at a minimum.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A small reversal happened today off the top of that wave (iv) high.
This is a life line for the main count for sure,
But,
the decline did not go far enough to confirm wave ‘i’ of (v) yet.
A break of the wave ‘b’ lows at 4991 will do just that.
And from there there the market has the potential to break to a new low in wave (v) again.

Tomorrow;
lets see if this reversal can confirm wave ‘i’ of (v) tomorrow.
watch for wave (iv) to hold at 5123.
Wave (v) down must continue lower in five waves as suggested with a minimum target at 4926 at the wave (iii) lows.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has made good progress into wave ‘5’ of ‘c’ of (a) today.
The price has gone far enough to suggest that wave (a) is now coming to a close here.
26.00 is the target area for wave ‘c’ of (a),
and the price may even get there tomorrow to close out the pattern.
But I think we will see a low form soon in that area,
and then wave (b) can begin to turn higher in three waves towards the end of this week.

Tomorrow;
Watch for wave ‘5’ of ‘c’ to complete the pattern in wave (a) near that 26.00 level.
Any bounce higher off that level will signal wave (b) is getting started.