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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has quietly sneaked below the previous wave ‘a’ high at 1.0752,
and is holding below that level as I write.
The larger move into wave ‘3’ of ‘c’ has not happened yet,
but I am going to allow time for this to happen over the next few days.
I think there is enough upside achieved in wave (ii) to let wave ‘3’ down take over.
And the first step into wave (iii) is a five wave decline into wave ‘i’ of (iii).

Tomorrow;
Watch for wave ‘i’ down to continue to work its way lower.
In theory,
wave ‘3’ of ‘c’ is underway now.
so I want to see a sustained move down into support starting tomorrow.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am tracking a five wave pattern inside wave ‘iii’ today.
You can see that the move sideways today is labelled wave ‘4’ of ‘iii’,
with wave ‘5’ of ‘iii’ left to complete the pattern.

Wave ‘iii’ should break below the wave (b) lows at 1.2470.
then I can look towards a larger wave (i) pattern to complete maybe even by Fridays close,
we will see.

Tomorrow;
Watch for wave (i) down to continue lower for the rest of this week.
Wave ‘iii’ of (i) should break that wave (b) support and then hold below that level.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave (i) up is very close to completing after todays progress higher.
There is a five wave pattern in place now for wave (i).
And wave ‘v’ of (i) seems to be extended also.
So that suggests we are at the end of the road for this initial rally.
If wave (i) is now done,
then we should see a turn lower into wave (ii) for the rest of this week.
Wave (ii) is projected to fall back into the area of 153.50,
that will form a bullish higher low and wave (iii) of [v] should then rally out to a new high above 160.00.

Tomorrow;
Watch for wave (i) to top out and reverse into wave ‘a’ of (ii).
A three wave decline into wave (ii) will fall back towards 153.50.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Wave ‘v’ of (c) is holding on for another day!
The market is hovering around the 62% retracement level again and the action in wave (c) looks terminal.
There is very little progress this week as the larger pattern in wave [ii] closes out,
but so far,
we have not seen an impulsive drop to begin wave (i) of [iii].

The wave (a) top lies at 38580,
and if we see a break of that level I will go out on a limb and say that will signal wave ‘i’ of (i) of [iii] is in play.

Tomorrow;
Watch for a top to form in wave [ii],
Wave ‘i’ of (i) should drop back below 38580.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am waiting for something to happen in Gold this week and so far I have been disappointed to be honest.
The pattern in wave ‘2’ of ‘c’ did complete a nice expanded flat correction.
And so far,
the market is holding back below that wave ‘2’ high.

Wave ‘3’ down should fall back below 2281 to begin with,
and then I will feel a little more confident about the pattern here.

Tomorrow;
Watch for wave ‘c’ of (iv) to continue to unfold for the rest of this week.
A break of 2280 is the key to wave ‘3’.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude made a new low in wave ‘v’ of (iii) today and then bounced sharply off that level this evening.
The initial rally has hit the previous wave ‘iv’ level now,
and I am calling this wave ‘a’ of (iv).
It is impossible to know yet how complicated wave (iv) will get.
I will stick with the simple three waves up as shown for now,
but fourth waves have a mind of their own so this can get messy for sure.

Tomorrow;
WAtch for wave ‘b’ to form a higher low above the wave (iii) low at 76.74.
Wave (iv) should hold below the wave (i) low at 81.00 at the very upper end.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The top is holding at 5200 now in wave ‘c’ of (ii).
But the decline so far is not convincing as an impulse wave down yet.
The price has dropped into the rising trend channel again this evening,
but I am looking for a drop below the wave ‘a’ high to give this count a boost.
Wave ‘i’ of (iii) should break the wave ‘b’ low at 5010 to confirm the pattern here.

Tomorrow;
Watch for wave (ii) to top out and then fall back below 5090 again in wave ‘i’ of (iii).

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has not confirmed the reversal into wave (c) yet but the action is weak all day.
I have mentioned the 26.00 level a few times now,
but still no move on that level yet.
I am willing to give the market another few days to see if this count can be confirmed.
If we don’t see a drop into support at 26.00 by the end of the week,
then I will give this count a complete overhaul I think.

tomorrow;
WAtch for wave ‘i’ of (c) to fall back into the 26.00 level to begin the next leg.