Good evening folks and the Lord’s blessings to you.

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

This triangle pattern is still underway this evening.
The price is stuck in a tight range and I suspect this evenings low has just finished wave ‘d’ of ‘b’.
Wave ‘e’ is yet to come,
and 1.1400 seems like a reasonable level for the triangle to complete.

Tomorrow;
Watch for wave ‘e’ to top out and complete wave ‘b’.
the price must then drop in five waves in wave ‘c’ for the remainder of the week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is dropping slowly off that top at wave [i] green again today.
there is no confirmation of wave (a) yet,
but each move lower is a vote in favor of this idea at least.
I am looking for a break of the wave ‘iv’ low at 1.3280 to begin.
And that will come in wave ‘i’ or wave ‘a’ of (a).

Tomorrow;
Judging by the action so far, wave (a) will most likely be a three wave pattern.
And wave ‘a’ down will break support at 1.3280.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave ‘ii’ is holding at 141.97 today and the price has rebounded off that low now.
this is a welcome move,
but there is not enough evidence to prove a reversal is underway yet.
Wave ‘iii’ up should begin with a rally back into the 144.00 handle,
and from there we will see a five wave rally in wave ‘iii’ well into next week.

Tomorrow;
Watch for wave ‘1’ of ‘iii’ to push higher as shown to break out above the wave ‘i’ high again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is firmly stuck in its range again today and the corrective action continues.
The price dropped into wave (a) of [d] early in the session,
Wave (b) has rebounded off that low,
with wave (c) now falling again this evening.

If the action continues to follow the pattern tomorrow,
then we will see a low in wave (c) of [d] near the 39000 level again.
With wave [e] left to close out the triangle early next week.

Tomorrow;
Watch for wave [[d] to complete with a drop back near the 39000 level again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The action in gold is a little bit perplexing here.
The wave ‘ii’ high is still intact,
but the price traced out a three wave drop into the session lows.
And the a rally off the low this evening has brought us back to flat on the session.

This action may suggest that wave ‘ii’ is still in play here.
A larger three wave pattern in wave ‘ii’ will bring the price back to 3352 again to complete this pattern.
And from there the price must turn lower into wave ‘iii’.

Tomorrow;
the market will decide between both counts tomorrow,
a further rise into 3350 will confirm the larger wave ‘ii’ idea.
Wave ‘iii’ down will be confirmed with a break of 3260.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is very close to completing fives down in wave (iii) blue now.
If this count holds,
then wave (iv) will begin a corrective consolidation over the next few days.
And wave (v) should fall again to a new low next week.

Tomorrow;
Watch for wave (iii) to find a low soon, possible early tomorrow.
Wave (iv) will then correct higher and hit 60.00 again in three waves.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has continued in its weak sideways action today,
and it seems that the ending diagonal pattern is still possible for wave [c] now.

Wave (v) will pop again to break 5600 and complete wave [c].
and from that point I will look lower again to begin a move into wave ‘C’ blue.
That wave count will be easy to prove,
as wave [i] of ‘C’ must retrace all of the recent correction into wave [c] at least.
So that gives an initial target at 5090 again.

Tomorrow;
Watch for wave (v) of [c] to top out near 5600 and complete this larger correction in wave [c] of ‘B’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Well,
we have a move in the right direction but without a proper follow through yet.
Wave ‘i’ down is in play here,
but I need to see a solid drop into that 30.00 level again to confirm this idea.

Tomorrow;
Watch for wave ‘i’ to take control and trace out five waves down as shown.