Good evening to one and all.

The Lord’s Blessing’s to you all again tonight.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD seems to be stari stepping its way lower this week but I have yet to see a full five wave pattern lower in wave ‘1’.
Again,
a leading wedge pattern may fit the action off the high,
but I think that might be pushing it a little!

Tomorrow;
Watch for wave ‘i’ down to continue lower and trace out five waves in a classic impulse pattern as suggested.
If we don’t get that,
then I will have to rethink the action here.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable on the other hand is moving lower in an impulse pattern.
I want to see a break of that wave ‘iv’ support again before jumping on the bandwagon here.
But I can say,
so far so good maybe!

Tomorrow;
Watch that wave ‘iv’ low at 1.2435 as a target for wave ‘i’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

If the price does not accelerate lower into wave (iii) this week then I think I will go back to the previous bullish pattern for USDJPY.
even after last weeks sharp decline,
the price has not broken that wave (i) low yet.
So maybe there is a bullish alternate that is brewing here instead of the large wave ‘2’ pattern that I am working with here.

Tomorrow;
Lets see if wave (iii) can be confirmed with a break of 133.48 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A three wave decline over the last few sessions has opened up another idea for wave ‘ii’ pink.
three waves down can be interpreted as wave ‘b’ of ‘ii’.
and in this scenario wave ‘c’ will rally towards 33800 to complete this pattern.
Then wave ‘iii’ of (i) is open to begin again.

If the low at wave ‘i’ breaks with a sharp acceleration lower tomorrow,
that will suggest wave ‘iii’ is already underway.

Tomorrow;
Watch for wave ‘b’ of ‘ii’ to hold above 33000.
Wave ‘c’ of ‘ii’ should rise back to 33800 again to complete.

It looks like wave ‘iii’ will be postponed until next week at this late stage.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has only managed a three wave drop off the wave ‘2’ high so far.
We are going to need a much larger drop off the high to confirm wave ‘iii’ of (i) is underway.
At the moment this count is hanging in the balance,
there is always the possibility that gold will play catch up with silver tomorrow,
and if it does,
then support at wave (iv) will be broken.
And that will definitely give the short term count a big boost in probability.

Tomorrow;
Watch for wave ‘2’ to hold again.
Wave ‘3’ of ‘iii’ should accelerate lower and take out 1976 at a minimum to confirm this count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am looking for five waves down all over it seems,
I’m sorry if I sound like a broken record!

Crude has turned lower again today which supports the idea that wave (ii) may be complete now.
Of course we need further downside here to confirm this idea.
So I will wait for that confirming price action over the coming few days.

Tomorrow;
Watch for wave (i) down to continue as shown.
A break below the previous wave (b) low at 67.40 again will favor this count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Waiting for the S&P to break is like chewing glass now!
We get little glimpses of hope,
then dashed again by a retracement higher!

That is todays story again.
Wave ‘iii’ down is still my best guess here.
the declining wedge wave ‘i’ has been followed by a corrective lower high wave ‘ii’.
Wave ‘iii’ down is next in this scenario.
But no sign yet at least.
Lets give this one another day to either prove the main count or trigger the alternate.

Tomorrow;
The price has stepped lower off a possible wave ‘ii’ high so there is still a chance that wave ‘iii’ is now underway.

Watch for a sharp drop to break 4046 to confirm wave ‘iii’ is in play here.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver actually followed the count for a change today!
And boy did that third wave decline come in in a convincing manner.

I have actually labelled wave (iii) as complete at todays lows.
This pattern could always extend lower overnight and early tomorrow,
so it is hard to know what the final wave (iii) low will be.

I am suggesting that wave (iv) should complete below the previous wave [iv] lows at 24.56.
It would be a vote of confidence in this pattern if the wave [iv] low became a resistance level for this developing pattern.

Tomorrow;
Watch for wave (iii) down to complete five waves down and then wave (iv) should consolidate below 24.56.
We will soon see.