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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is holding in the range of the last weeks action again today.
the price has bounced back off the lows again though,
so I am suggesting that wave ‘3’ of ‘c’ is now underway.
Wave ‘c’ should break above the wave ‘a’ high at 1.0753 at a minimum.
and then I can look for a top to form again near the 62% retracement at 1.0776.

Tomorrow;
Watch for wave ‘c’ to trace out five waves up towards the target to complete this correction in wave (ii).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Well cable is still undecided on the decline into wave ‘i’ of (iii).
the price is holding at a lower high below the wave (ii) level.
And as long as the level holds at wave (ii).
then I will remain with this wave ‘i’ down idea.

Tomorrow;
Watch for 1.2570 to hold.
Wave ‘i’ of (iii) must turn lower and trace out five waves down to break the 1.2400 level.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has dumped today and wave (c) of [iv] is still in charge here.
The price is about to make a new low below 153.00 again,
so the support level at 152.00 is approaching fast now.
I do think that wave [iv] will finish in that area.
and then next week should should see a rally begin in wave (i) of [v].

Tomorrow;
Watch for wave (c) of [iv] to find a low at the wave (iii) shoulder of support at 152.00.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has not broken lower into wave ‘iii’ of (v) yet.
but the market is holding a lower high below the wave ‘ii’ level this evening.
I am suggesting that todays action is the beginning of wave ‘iii’ down.
But that remains to be proven correct with a sharp decline back below 38000 again.
If that happens tomorrow then the pattern remains on track.

The alternate count for wave [ii] is a viable option again today.
but only a break of the wave (iv) high will confirm that pattern.

Tomorrow;
Watch for wave ‘ii’ to hold at 38350.
Wave ‘3’ of ‘iii’ should fall back to the lower trend channel line near 37500.
that type of action will rule out the alternate count and we can concentrate on wave (v) down.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is again tracing out a lower high below the wave ‘2’ high at 2328.
The extended decline into wave ‘c’ of (iv) is still a real possibility here,
so once the price does break below wave ‘1’ at 2281 again that will confirm the main count.
The main target remains at 2213 for wave ‘c’ of (iv) to complete.

Tomorrow;
Watch for wave ‘2’ to hold at 2328.
A sharp decline should begin in wave ‘3’ of ‘c’.
And wave ‘3’ should bring the price down to the area of 2250.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

You know,
it wasn’t that long ago that the world was shouting about $100 oil again. and here we are dropping off cliff and back below $80 in a matter of weeks.
Funny how a market can do the exact opposite of what people expect,
just when most people are convinced of theory.

Crude made a new low today to break into the 78.00 handle again.
I am suggesting that wave ‘iii’ of (iii) is now complete.
We should see a bounce into wave ‘iv’ of (iii) tomorrow.
And that correction must hold below 80.70 at the wave ‘i’ low.

Tomorrow;
watch for wave ‘iv’ to trace out three waves up and top out below 80.00.
If the wave ‘i’ level breaks,
then I will rethink whats happening in the wave overall count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A three wave rally today is topping out below the previous wave ‘ii’ high.
I am suggesting that the action today was a small correction within wave ‘iii’.
And,
this action hints at the possibility of an acceleration lower in wave ‘iii’ of (v) tomorrow.
A break of the wave ‘b’ low at 4990 will signal wave ‘iii’ of (v) is underway.
Wave (c) must break to a new low below 4926 again to complete this pattern.

Tomorrow;
Wave (iv) must hold as a last resistance in this pattern.
If that level breaks,
then I will be forced to go back to the drawing board.

Wave ‘iii’ of (v) should continue lower tomorrow and that wave may even break to a new low for the pattern if all goes well.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver made a new low for the decline today in wave ‘5’ of ‘c’,
and with that move the larger wave (a) pattern is now complete.
The price made it close enough to the target level at the wave (iii) high to call that a hit.

The price did bounce off the lows again this afternoon and I have labelled this move as the beginning of wave (b).
Wave (b) should move higher in three waves.
and wave ‘a’ of (b) should top out near the wave ‘4’ high at 27.70.

tomorrow;
Wave (b) will take us into the middle of next week if this goes to plan.
Wave ‘a’ of (b) will trace out three waves up and hit the 27.70 area early next week.