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

Here is a very interesting little presentation from Peter Eliades, its worth 5mins of your time!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am showing the alternate count for wave (d) tonight to just keep an eye on it.
Wave ‘b’ of (d) is already complete at that very slight lower high.
and now I am looking for a five wave decline into wave ‘c’ over the coming few days.
both wave counts are calling for the same outcome here,
a low in wave (d) near 1.0750 or so.

Tomorrow;
watch for wave ‘c’ to continue lower in five waves as shown.
A break of 1.0788 will signal wave ‘3’ of ‘c’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is completing a lower high tonight in wave ‘ii’ of (i).
The drop in wave ‘i’ did not break the wave ‘iv’ low at 1.2673,
so I am a little concerned for the potential of this count from here on out.
A drop back tomorrow to break that wave ‘iv’ low will confirm the count.
so it is important that cable turns down in wave ‘iii’ of (i) tomorrow.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Take a look at the 4hr chart first tonight.
The action today has thrown a spanner in the works of the main count.
So I have had a rethink on the possible wave counts here.

There is a new alternate count for wave (ii) now.
Wave (ii) has the potential to develop into an expanded flat from here,
and that will invalidate the current short term pattern.
In this scenario,
wave ‘c’ of (ii) will fall into 153.00 again to complete the pattern.
And then wave (iii) can turn higher again.

The main count now shows wave ‘i’ of (iii) complete at this weeks high.
And the sharp drop off today is labelled as the beginning of wave ‘ii’.
Wave ‘iii’ of (iii) will have to wait until next week.

Tomorrow;
Watch for wave ‘ii’ to trace out three waves down and complete near 156.00 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is getting very close to hitting that wave (ii) low at 37695 tonight.
That level is acting as support at the moment.
But a clean break of that level will only add to the potential bearish setup here.
Of course I cannot confirm the overall top is in place at wave (B) yet.
That will only come with a complete break down in wave (iii) and a take out of the lower support levels at 37230,
and below that at 35680.

The daily chart displays this idea best I think.
Wave ‘1’ down will wipe out all of the last 8 months of rallying.
Each support that is broken,
is another nail in the coffin of this market.

Tomorrow;
Watch for wave (i) down to complete and then a correction higher into wave (ii) to begin.
A break of 37695 will add weight to this interpretation.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

It is hard to know what is exactly happening with wave ‘2’ today.
There is a possibility that wave ‘2’ is continuing to drift sideways again today,
so I have shown that as the main count.
wave ‘2’ should complete tomorrow,
and then wave ‘3’ of ‘c’ should fall again next week.

Tomorrow;
lets see if the correction can top out with a tag at 2364 again.
Wave ‘3’ of ‘c’ can then turn lower again on Monday.

There is a good chance that wave ‘c’ of (iv) will complete next week and we can then look higher into wave (v).

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Wave (b) has developed much quicker than I expected this week.
the price has already retraced 62% of of the rally in wave (a) after todays drop.
So I am suggesting wave (b) is pretty much done here,
and wave (c) should rally again in five waves from here.

Wave (c) of [ii] should top out with a break of 81.00 again next week.

Tomorrow;
Watch for wave (b) to bottom out very soon.
A push back towards 79.00 again will signal wave ‘i’ of (c) is in play.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am giving the benefit of the doubt to the S&P500 tonight.
The decline has not hit hard because of a couple of stocks namely, nvdia I suppose.
So far we only have a three wave decline off the recent highs.
And this is labelled wave (iv) of [v].
If this count is correct,
then we should see a rally out to a new high in wave (v) of [v] next week.

The wave (i) high at 5092 must hold for this count to remain valid.

Tomorrow;
Watch for wave ‘c’ of (iv) to complete early tomorrow and then wave (v) should turn higher from there.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has turned lower today but not by enough to confirm the count yet.
I want to see a break below the wave ‘a’ low at 30.00 at a minimum to complete wave (a).
and even then,
that will be a little shallow for wave (a) to be honest.
The lower wave ‘c’ goes,
the better for this wave count.

Tomorrow;
Watch for wave ‘c’ of (a) to fall back towards 29.00 again.