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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The action in EURUSD is holding the ending diagonal pattern in wave ‘c’ today.
The price is essentially flat from Fridays trade with a small rebound off the lows.
Fridays low is labelled wave ‘4’ of ‘c’.
and now the price has turned higher into wave ‘5’ of ‘c’.
the minimum target for wave ‘5’ lies at 1.0894.
And as long as the patterns holds the wedge formation,
then I think this wave will complete wave (c) tomorrow.
the price should turn lower again into wave (d) later this week.

Tomorrow;
Watch for wave ‘5’ of ‘c’ to rise above 1.0894 at a minimum and complete the wedge pattern by the end of the session.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has actually completed a small five wave pattern at todays top.
This has the potential to close out wave ‘v’ of (c) even now.
If this count is correct,
the larger wave [ii] is extremely close to a top now,
And that wave count has some major implications for this pair over the coming summer months.

Tomorrow;
We will get a first signal that wave [ii] is complete with an impulsive decline in wave (i) blue.
A break of the wave (a) high at 1.2570 is the level to watch for wave (i).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I know I may be jumping the gun here tonight.
But there is a chance that wave ‘i’ and ‘ii’ are complete at Fridays lows.

The relative size of that decline in wave ‘ii’ is small given the size of wave ‘i’.
but the action today is developing impulsively so far.
And that is a signal that wave ‘iii’ is already underway.
Wave ‘iii’ of (iii) has the potential to carry this pair back into the 160.00 area pretty quickly,
so I think it is worth erring on the side of the bullish at the moment.

Tomorrow;
The low at wave ‘ii’ must hold at 155.24.
Wave ‘iii’ of (iii) will be confirmed with a break above 156.76 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The week is starting a little more softly,
the market popped to a new high first,
and now we have a rejection off the highs as we hit the close this evening.

Obviously I am looking for an impulsive decline again this week to confirm the main count.
But there is nothing in the chart yet to rule out the alternate count.
Even if we see a drop below the current wave (iv) at 39290 again,
that will not invalidate the alternate count.

The previous wave (i) high at 38590 is a more important level in deciding which idea is more fitting her.
A break of that level will rule out the alternate wave (iv) and then I can get serious about the downside again.
It would be great if the market would sell off from here to break wave (i),
but we will see.

Tomorrow;
The first level to watch is at the wave (iv) low at 39290.
If we can get down there pretty quickly that will be a hint!

So,
Im afraid we are back to the ‘wait and see mode’ here again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold gave us a new high today but the overall pattern in wave ‘b’ has not been invalidated at all yet.
the action still favors a three wave rally scenario into this high.
so the larger wave (iv) is now shown as an expanded flat rather than a simple flat.

Wave ‘c’ of (iv) should trace out five waves down to close out the pattern this week.
so I want to see a drop into the wave ‘b’ lows at 2330 to signal wave ‘c’ has begun.

tomorrow;
Watch for the top of wave ‘b’ to hold and wave ‘1’ of ‘c’ to develop lower as shown this week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Wave (iv) blue has hit a wall at 80.10 today and that is right in the target area.
But I must admit,
the internal pattern of wave ‘c’ of (iv) is not a clean five waves as you might expect.
That gives the current pattern of wave (iv) a little hint of doubt in my mind.
so,
I will stick with the main pattern here for wave (iv) and (v).
I will continue to expect a decline into wave (v) this week as shown.
But I am going to keep and open mind on what else may be going on here.
The possibility remains that wave (iv) could develop into something more complex even from here.

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to create a lower high below wave (iv) over the next few sessions.
that will setup for larger turn down into wave (v) later this week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The pattern for wave [v] green remains the same today.
I am looking at a top in wave ‘b’ of (iv) at todays highs.
And we should see a turn lower into wave ‘c’ of (iv) in the next few sessions.
The initial support at 5190 should hold the correction in wave (iv),
and then later this week we will see a rally in wave (v) of [v] to close out the pattern.

Tomorrow;
watch for wave ‘c’ down to fall back into the lower trend line to complete wave (iv).

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The action in Silver is looking a litte choppy today with the price beginning to retrace the last weeks rally.
You can see the top in wave (v) of [i] created a small throw over above the upper channel line on Friday.
and if we see a sharp drop back into the channel now,
that will signal wave [ii] has begun.
Wave [ii] has a minimum target at the previous wave [iv] lows at 26.00.
And we should see three waves down in that correction.

Tomorrow;
watch for wave (a) of [ii] to begin a full retracement of last weeks rally in three waves.
I am looking for a drop into 28.00 again in wave (a) of [ii].