Good evening to one and all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I have switched to another view of wave (c) tonight.
The current decline phase is viewed as wave (c) of [ii] with a target at the 1.02 area.
The decline off the high at wave (b) has come far enough now to think about this pattern again.

The internal pattern of wave (c) is now shown with an extended third wave already complete at the lows.
And now I am looking for a correction higher in wave ‘iv’ of (c) over the next few sessions.

Tomorrow;
Watch for wave ‘a’ of ‘iv’ to rise back into 1.0750.
If this correction is a simple pattern,
then three waves up in wave ‘iv’ should complete by early next week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am presenting another possible wave count for wave ‘B’ down tonight
simply because the action lately has not developed in a five wave pattern off the top yet.
Things are getting more complicated this week and that requires a fresh wave count.

In fact todays action has created another overlap off the lows from yesterday,
and now it’s time to rethink things here.

The overall decline in wave ‘B’ should trace out three waves down.
And we are working on the initial wave [a] of ‘B’ here.

Wave [a] itself is now viewed as a three wave pattern off the top.
And this weeks action seems to be tracing out a three wave pattern high into wave (b) of [a].

Tomorrow;
Wave (b) should complete three waves up this week.
If this interpretation is correct,
then wave ‘c’ of (b) is underway now.
And wave ‘c’ should trace out five waves up towards 1.25 again by the end of this week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

This correction in wave (iv) is progressing quite well now.
And after a small three wave rise into the high today, I think wave ‘b’ of (iv) is complete.

WAve ‘c’ should continue lower in five waves now and I am looking for wave (iv) to complete near the 138.00 handle.
I would prefer to see the high of wave [i] hold at 137.78.

Tomorrow;
Watch for wave ‘c’ of (iV) to continue lower and complete three waves down by the end of this week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I think todays action fits well with the idea that wave ‘2’ is still underway here.
I am running out of wave labels to track this action here,
but I think you can get the drift here.
A three wave pattern higher is underway in wave ‘2’ of ‘iii’ of (i).
If the market makes it back to the upper trend line of this channel to complete wave ‘2’,
then I think a reasonable target for wave ‘2’ lies at 33420.
And once that happens,
I will turn my attention lower again into wave ‘3’ of ‘iii’.
Thats where things can get really exciting again!

Tomorrow;
Watch for wave ‘2’ to complete three waves up towards 33420 over the next few sessions.
The wave ‘ii’ high must hold at 33650.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has traced out three waves up off the recent lows now.
And I am suggesting that wave ‘a’ of (b) is now complete at todays high.
Wave ‘b’ should form a higher low above 1930 tomorrow,
and then wave ‘c’ can turn higher to the target at the 50% retracement level at 2006 again.
that should take us into the beginning of next week I suspect.

Tomorrow;
Watch for wave ”b’ of (b) to complete a higher low above 1922 by tomorrow evening.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude managed to fall to a new low today for wave (b) of [ii] and I think we have done enough now to suggest that wave (b) is done at todays low.
The price did rebound off that wave ‘c’ of (b) low this evening,
I am suggesting this is wave ‘i’ and ‘iii’ mow underway to begin wave (c).
If this count is correct here,
then wave (b) will hold at todays session low.
And wave (c) will trace out a five wave rally towards 75.00 again over the coming week.
Wave [ii] will complete a 62% retracement of wave [i] at 75.86.
So that is the level to watch next week.

Tomorrow;
We will need confirmation that wave (b) is complete so the price must hold above 67.13 as wave ‘ii’ completes.
Watch for a rally into wave ‘iii’ of (c) over the coming few days.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has retraced much of the decline today and so far there is very little to report on the potential for a wave [ii] top again.
I really want to see a break of the wave ‘4’ low at 4103 to open up the possibility for wave ‘i’ of (i) of [iii] again.
The next wave down in wave [iii] green has some serious potential,
even wave (i) of [iii] should fall into the 3700 area again.
so I think this next leg of the pattern will be worth waiting for.
And that is what I am forced to do here;
Wait for some confirming price action to indicate wave ‘i’ of (i) of [iii] has begun.

Tomorrow;
Watch for that recent wave [ii] high to hold again.
If wave ‘i’ of (i) is now underway,
then we should see a clear five wave impulse pattern lower by the end of this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is higher again today but the price action is quite choppy overall.
I do not see a clear five wave internal pattern in wave (c) here.
It is possible wave (c) is tracing out an ending diagonal pattern instead,
but only time will tell if that is true.

The minimum target for wave (c) has been met with a break above wave (a) at 23.37.
I am still suggesting a higher target for wave (c) in the region of 24.00.
So there is more work to do here.

Tomorrow;
Lets see how the pattern in wave (c) unfolds over the next few sessions.
As long as the price continues to progress higher then this wave count remains valid.