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.

Well we didn’t hit that extended target at 1.0713 today,
But I think EURUSD has done enough this week to confirm the overall pattern.

The price has turned higher after hitting 1.0758 today.
I have labelled this wave ‘a’ of ‘ii’,
and this pattern suggests wave ‘ii’ will complete three waves up,
and hit 1.0924 at the 50% retracement by midweek.

Monday;
Watch for wave ‘i’ to hold at 1.0758.
Wave ‘a’ of ‘ii’ should top out near 1.0850 I suspect.
If this pattern is correct,
then the action will be quite choppy for a few days at least.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I have introduced another interpretation for the recent action this evening.
Last nights wave count has not been invalidated yet,
but I think it is worth considering the recent decline as wave (i) blue,
this is one degree higher than last nights count.
And wave (ii) is now underway as an expanded flat correction with a target at 1.2550 to complete.

The overall pattern is still pretty bearish for the foreseeable future.
And wave (iii) down is setup for next week.
But I think todays rally is large enough to consider this new count at least.

Monday;
If the price turns lower immediately on Monday,
that will suggest wave (ii) is complete as a running flat.
And then we can look lower in wave (iii) towards the 1.220 handle.

For the moment,
watch for wave ‘c’ of (ii) to rally into 1.2550 to complete.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The action in USDJPY today suggests wave ‘iii’ of (i) is now complete and wave ‘iv’ has turned lower off Thursdays high.
The price has traced out three waves down so far.
and if wave ‘iv’ is complete at 137.40 again,
then wave ‘v’ will turn higher on Monday and and break above 138.74 again to complete wave (i).

Monday;
Watch for wave (i) to complete a five wave rally above 138.74.
Wave ‘v’ of (i) should be done by Monday evening if this all plays out as expected.
And then wave (ii) should turn lower for the rest of next weeks trade.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow has not managed to hit that target level at the previous wave ‘a’ top today.
Maybe its a bit premature to call this wave ‘ii’ complete as a running flat,
but it’s worth a try I’d say.

This will all depend on the follow through that we get on Monday.
Wave ‘iii’ down will be confirmed with a break of the wave ‘i’ low at 32930.
And if that happens,
then wave ‘iii’ will be free to extend lower in five waves.
the initial target for wave ‘ii’ of (i) lies at 32320 where wave ‘iii’ and ‘i’ reach equality in length.

Monday;
Watch for wave ‘ii’ to hold at 33650.
Wave ‘iii’ down will be confirmed with a break of 32930.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold rebounded off this weeks lows in three waves so far.
The price never managed to break the 1949 support lows.
This fact does not invalidate the wave count,
but I would like to see a break of that low to complete wave (i) down for sure.

I have introduced the alternate count for the recent action also tonight.
This involves a three wave decline into wave (a) of [a] ‘2’.
rather than a five wave decline into wave (i) of [a] of ‘2’ as per the main wave count.

the overall decline in wave [a] of ‘2’ will be similar no matter what the pattern is.
And I think we will know enough by the middle of next week to decide which pattern fits best.

Monday;
Watch for wave ‘iii’ of (i) to continue lower and complete with a break of 1949.
WAve ‘iv’ should create a consolidation pattern early next week before turning down into wave ‘v’ again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil hit a new high for the week early in the session,
and then broke sharply lower to retrace much of this weeks gains again.
The high of the session is labelled wave ‘c’ of ‘ii’ again as the top of wave [ii] was not broken.
The decline off the high today is enough to suggest wave ‘ii’ is complete now and wave ‘iii’ is underway.
This count will be confirmed with a break of the wave ‘i’ low at 69.34 again.

Monday;
Watch for wave ‘iii’ down to follow through to the downside and trace out five waves down itself over the course of next week.
The high of wave [ii] must hold at 73.80.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A new high was made in wave ‘v’ this week and that does bring the end of this rally closer for sure.
I am interested to see that small reversal off the top today,
maybe this is an early indicator that wave ‘v’ of (c) has been completed at todays top.
But there is no evidence yet to favor that idea.
I say yet,
because I do think we will see that evidence next week!
And as usual,
the initial target for the reversal off the top lies at the wave ‘iv’ low at 4045 again.
That may take some effort to reach again in wave ‘i’ down.
But I do think we will see that wave ‘i’ down begin next week.

Monday;
Watch for a signal that this initial decline is in fact the beginning of wave ‘i’ down.
The first level of support lies at 4106 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has traced out three waves up off this weeks low today,
but I am suggesting that wave (a) of [b] will hit the wave (iv) high at 24.20.
If that happens,
the action will then favor a correction higher in wave [b] towards 24.70 again.
Overall the pattern this week followed along the patter quite well,
so I am more confident now of a larger decline coming our way once this correction in wave [b] completes.

Monday;
Watch for wave (a) and (b) to complete a higher low above 23.30 by midweek.
I suspect wave [b] will take all of next week to complete.