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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The tide has turned in EURUSD tonight and the pattern has changed slightly.
wave ‘b’ pink is now viewed as a contracting triangle.
And the price has now turned lower into wave ‘c’ of (a).
We should see a five wave pattern lower into wave ‘c’ with a target at 1.1150 or so.

Tomorrow;
Watch for wave ‘c’ of (a) to complete near the wave (iii) high at 1.1140.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Its been a pretty choppy trade in cable today and I’m not entirely sure what this action is achieving here.
I am sticking with the idea of a wave ‘c’ decline to complete wave (a).
And I would like to see a break below 1.3100 in this scenario.

Tomorrow;
The decline off wave ‘b’ is all over the place today so I will just hold off on making any big predictions here.
If the price continues lower tomorrow,
that will favor wave ‘c’ of (a).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The action in USDJPY has complicated matters further here also!
The price has now broken above last weeks high.
And that rules out the previous wave count for wave (iv).
I will stick with the wave (iv) idea overall until it is disproven conclusively.
So this rally takes the wave ‘c’ of (iv) label.
And from here we should see a drop into wave (v) of [c] of ‘2’ next week.

Tomorrow;
Watch for wave (iv) to find resistance at the previous wave (i) low at 146.53.
From there wave (v) down should start.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW made a small new high today which ruled out last nights count.
The wave [c] rally still fits a wedge type pattern overall.
The exact pattern is probably an ending diagonal now.
And todays new high takes the wave (v) label again.

The price has reversed the early gains now,
and this action now open up the possibility of a turn into wave (i) of [i] of ‘C’ again.

Tomorrow;
Lets see if we get a drop into wave (i) blue before this weeks trade closes tomorrow evening.
A break of the wave (iv) lows at 40666 again will favor that idea.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is moving back in line with the wave [a] count again tonight.
The price hit 3300 again and we are back to the beginning of the week again after wiping out all of this weeks gains.
The minimum target for wave (c) lies at the wave (a) low of 3258,
but I want to see a break below the full range of the pattern at wave ‘b’ pink.
So that gives us a target at 3200 for wave (c).

Tomorrow;
watch for a five wave decline in wave (c) to hit 3200 over the coming few days.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude rebounded higher than expected today and we are now back ag the wave (a) high again tonight.
I can still view this rally as wave ‘b’ of (b),
and wave ‘c’ will drop from here to hit 57.50 again at the wave ‘a’ low.
that will complete an expanded flat correction in wave (b),
and then wave (c) will wait for next week to begin.

Tomorrow;
watch for wave ‘c’ of (b) to turn lower again and break 57.50 over the next few sessions.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P broke out to a slight new high today also and now the gains have been reversed.
The same pattern is manifesting here as in the DOW.
Wave (v) of [c] has made a new high,
but the wedge pattern remains in place overall.
Wave (v) can still push higher to hit the equality level with wave [a] at 5785,
so there is no immediate requirement for this market to turn here,
but I wont complain if it does!

Tomorrow;
Watch for a top to form in wave (v) of [c] and wave (i) down to begin.
Wave (i) should fall back in into the 5400 level again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is making slow and agonizing progress into a third wave down here.
The action has not confirmed the count yet.
But I am willing to give this pattern the benefit of the doubt for another few days if the price continues to step lower.

Tomorrow;
watch for wave ‘iii’ of (iii) to drop below 31.63 at the wave ‘i’ low to add weight to this idea.
Wave ‘iii’ must make serious progress lower next week in order to confirm the pattern.