I pray God’s Blessings you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave ‘v’ of (c) has a more complete pattern in place this evening after breaking above the wave ‘iii’ high this afternoon.
The only issue now is the pattern within wave ‘v’ of (c).
there seems to be a little too much overlap within the action to be a clear five wave pattern.
Apart for that,
the overall look of wave (c) is good,
we have a three wave pattern in wave [b],
and now all we need is a drop back below the wave ‘iv’ low at 1.2159 to signal wave (c) is over.

Tomorrow;
Watch for wave (i) down to begin with a break of that fourth wave low at 1.2159.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

It really is too close to call in GBPUSD.
the price is flat and holding below the 1.4239 invalidation line for almost 15 days.
So,
until that invalidation line is broken I am stuck with the triangle pattern that I have been operating under for a long time.

The price did fall off that high back into the lower end of the range today again,
I would like to see a break below 1.40 again to call wave [b] done and wave [c] underway.

Tomorrow;
1.4239 must hold again.
if wave ‘iii’ down is underway,
then we should see a break of 1.4000 by tomorrow evening.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The price broke the low for wave (ii) overnight hitting 108.56.
And then rebounded again today with a small spike higher.
I am looking again at the count for wave [ii] green.
It seems that the size of this decline over the last week is too large to label at a lower degree.
So I suspect wave [ii] green is still underway,
although the pattern is unclear just yet.
I will have to wait for confirming price action to the upside again to signal wave (i) of [iii] is underway again.
So I’m afraid it is a waiting game here for the next days or so until that happens.

Tomorrow;
If we break 109.34 again then I will look again at wave (i) up.
Lets see if wave [ii] finds a low overnight to complete this long drawn out correction.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The price has turned lower this evening off the session high at 34520.
I would like to see a break below 34000 again to signal wave ‘i’ of (i) is underway.

The overall pattern for wave [ii] looks pretty close to done now.
We have a three wave pattern in place to a lower high and wave (c) has a possible five wave pattern complete also.
If wave [ii] is done,
then we should see a sharp drop into wave (i) of [iii] by tomorrow evening.
A break below the wave (b) low at 33500 again will be a clear warning signal that wave (i) of [iii] is in force.

Tomorrow;
Watch for wave (c) of [ii] to hold at todays high.
A decline back into 34000 again will signal wave ‘i’ of (i) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

That 78.6% retracement was too much of an attraction to miss out on today.
the price has pushed out of a small triangle labelled wave ‘4’ of ‘v’ of (c) today.
And now we have a complete five wave pattern in wave ‘v’ again.

The overall pattern in wave [b] is slightly different also this evening.
I have switched to an alternate view of wave [b] as a 3,3,5 flat correction off that failed wave [a] low on March 31.
the pattern off that low is a clear flat correction.
And now we have reached a deep retracement into that 78.6% level today.
Much like the stock market,
I want Gold to turn lower this week to begin wave [c] down.

Tomorrow;
With that trend channel filled and a double throw over in place in wave ‘v’ of (c).
It is time to make the turn off this high in an impulsive way.
Lets see if wave ‘i’ of (i) can do that tomorrow.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has flatlined below the 67.00 handle today.
the price is holding a possible bearish lower high in wave (ii).
and if this pattern is correct,
then wave ‘i’ of (iii) down must begin tomorrow.
It will take quite a drop to confirm that wave (iii) down has begun,
but if we get a decline below back into the 63.00 handle again that will signal wave ‘i’ has begun.

Tomorrow;
most importantly is for that 67.00 to hold otherwise the larger wave count for wave [iii] will be in doubt.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Five waves up in wave ‘c’ to a lower high in wave (ii) is in place this evening.
The price is perilously close to the invalidation level at 4244 also here,
so we are at a critical point in this pattern also tonight.
4060 is the level I am aiming for to signal wave (iii) down is in force,
And until that happens,
this wave count will remain a maybe.
But if that happens and we get a nice sharp move lower to break support,
then we are looking at a significant turning point now underway.

Tomorrow;
Watch for wave ‘c’ to hold below 4240 to be safe.
Wave ‘i’ of (iii) must begin tomorrow.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is also sitting at a critical point in the structure now.
The sideways action over the last few sessions is corrective no doubt,
but I need to see follow through to the downside again to confirm the nature of this action.
A drop into wave ‘iii’ is expected very soon.
So tomorrow is lining up to be a pretty important day in many markets.

Tomorrow;
Watch for the 28.00 handle to hold the price and then accelerate lower into wave ‘iii’ down.