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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD dropped in a nice sharp move lower today.
this move brings us close to a five wave pattern lower into wave ‘c’ of (a) now.
The price has already hit the lower trend channel line,
and that drop broke below the initial target level for wave (a) at 1.1150.
So I suspect we will see the end to wave (a) blue very soon,
and then wave (b) will begin by midweek if this count holds true.

Tomorrow;
Watch for wave ‘c’ of (a) to complete a five wave pattern.
Wave (b) will likely begin on Wednesday.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is on the same track as EURUSD today with a nice drop into wave ‘c’ of (a) now underway.
Wave ‘3’ of ‘c’ is underway as I write.
And wave ‘c’ should step lower once more to complete the pattern in wave ‘4’ and ‘5’ of ‘c’.
And then by midweek we should see the first turn higher to begin wave (b).

Tomorrow;
watch for wave ‘c’ of (a) to complete five waves down neat 1.30 as suggested.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am still unsure of the short term pattern in USDJPY but todays rally is enough to push the action in favor of a bullish overall move.
I still can’t be certain on this,
so I will proceed with caution.

I am counting a possible wave ‘iii’ of (iii) higher today.
the price has broken out above the upper trend channel line today.
And this move is labelled as wave ‘3’ of ‘iii’.

Wave ‘iii’ pink will complete with a break of 149.00 in this scenario.
And wave ‘iv’ will then correct back into the channel again as shown.

Tomorrow;
watch for wave ‘iii’ pink to complete five waves up and top out with a break of 149.00.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

If we start on the 4hr chart tonight we can see that wave [c] in green has now reached equality with wave [a] at the highs.
The hopium move today comes on the back of talks with china, about taking a break for a few days from tariffing the crap out of each other.

So let me get this straight,
the tariffs were a policy move to force the onshore of production back to the homeland again.
And these tariffs were supposed to cut the massive trade deficit to zero.
And the tariffs were supposed to fund an income tax cut.

But now the tariffs are disappearing again one by one
without any onshoring of production at all.
Without cutting the trade deficit,
and without any windfall revenues or any tax cuts.

Oh by the way,
then federal deficit in March was a record breaker!

And this is classed as a win somehow??

I’m not seeing the 4D chess here to be honest!

The market has pushed higher in wave [c] of ‘B’ today on all that hot air,
but the pattern remains the same for wave [c].
Wave (v) of [c] has a clear three wave pattern now in place,
so the pattern in wave [c] is classed as an ending diagonal now.

This rally is coming to an end in the area where we should expect it to.
Wave [a] and [c] are now equal,
the previous wave [b] is only just ahead of us at 42820.
And I fully expect a top in wave ‘B’ soon,
with a reversal to build into wave ‘C’ before the end of this week.

Tomorrow;
Watch for wave (v) to close out near that wave [b] high at 42800.
Any drop back towards 40000 again will be in wave (i) of [i] of ‘C’.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave (c) down has broken below the minimum target at the wave (a) low today.
Wave (c) is fast approaching equality with wave (a) at 3190.
and the lower channel line will be hit at about 3170.
So at this point we are close to completing a three wave pattern in wave [a] green.
I suspect wave [b] will turn higher by midweek if this pattern is correct.

Tomorrow;
watch for wave (c) to complete five waves down near the lower trend line at 3170.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude smashed up through the 78.6% Fib today and then reversed off that rally pretty sharply this afternoon.
What do we glean from this action?

Well nothing has changed in the main count after todays rally.
The price made a push and then reversed.
The wave [ii] lower high still stands,
and that leaves me focused on a possible drop into wave [iii] this week.

This rally has cracked open the window to a possible alternate wave ‘4’ count if we see a push up to 65.00 again.
but I will have to wait and see on that front.

Tomorrow;
Watch for wave (i) of [iii] to turn fall back below 60.00 to begin a longer decline into wave ‘5’ blue.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P broke above the previous wave [b] high today with that sharp rally.
wave [c] green has now reached equality with wave [a],
so the market is hitting al those target areas we spoke about last week now.

I have filled out the wave count tonight for wave [c] of ‘B’,
and this rally is still counted as wave (v) of [c].
The larger pattern has not changed.
And now we have a final three wave pattern in place for wave (v).
so I am looking for wave (i) down to begin pretty soon.

Tomorrow;
watch for wave ‘c’ of (v) of [b] to close out.
If the market drops back below the wave (iii) high again at 5700 that will signal wave (i) is beginning again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver continues to disappoint by holding on above the 30.00 level.
The price did spike lower today,
but that action was retraced pretty quickly,
so there is more strength in the price action than I want to see to be honest.
If this count is correct,
then We have reached the end of the road for leeway!
I want to see progress into wave [iii] down over the coming days to confirm this pattern.

Tomorrow;
Wave ‘iii’ of (iii) must drop back below 30.00 again to confirm the larger pattern.
The sooner that happens the better.