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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is holding below the possible wave (c) top at 1.0915 today.
The rally in wave (c) is now labelled as a triple combination wave,
and if that wave is complete,
then we will see a return lower into the 1.0700 area in wave (d) for the rest of the week.
Wave ‘a’ of (d) is underway in this scenario.
And we should see a three wave decline into that support at 1.0788 in wave ‘a’ of (d).

tomorrow;
Watch for wave ‘a’ of (d) to fall in three waves as shown.
The pattern is going to get even more constrained and choppy to complete the larger triangle in wave [b] over the next week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding the lower high also tonight but without any confirming price action to the downside yet.
I am suggesting that wave ‘i’ down is still developing here,
but the recent high at 1.2817 must hold for this pattern to remain valid.

I know this market has been stuck in the mud over the last two weeks,
but I do think we will get an impulsive reversal into wave (i) down pretty soon.
Patience is being tested here for sure.

Tomorrow;
Watch for wave ‘i’ of (i) to drop back into the support area near 1.2670.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY rebounded quite impulsively today and that has retraced back above Tuesdays sharp decline.
Wave ‘1’ and ‘2’ of ‘iii’ must now create a bullish higher low above that wave ‘ii’ low at 154.51.
And then wave ‘iii’ of (iii) will be set to rally hard back towards 160 over the coming week.

Tomorrow;
WAve ‘ii’ must hold at 154.51.
Wave ‘2’ of ‘iii’ should cause a small correction into 155.50 if all goes to plan.
And then the rally should resume in wave ‘3’ of ‘iii’.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow peeked back above the wave ‘a’ high at 38820 this evening in wave ‘c’ of (ii).
There is also a five wave pattern emerging in wave ‘c’ now.
so the internal pattern of wave (ii) is coming along quite well.
the market has now retraced into the 38% Fib of the initial decline.
And I would like to see a top in wave (ii) between here and the 50% level at 39040.

Tomorrow;
Watch for wave ‘c’ of (ii) to complete in this range.
We might even see the initial decline into wave (iii) by the end of this week if all goes well.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Waiting for gold to move back into wave ‘c’ of (iv) is like waiting for the last bus on a winters night.
Frustrating to say the least.

We have another day of ranging action today and even though the price has done very little this week,
I still think that wave ‘2’ of ‘c’ fits quite well here.
The action seems corrective in nature.
And I am suggesting that wave ‘3’ of ‘c’ will turn lower again to confirm this count later this week.

Tomorrow;
Watch for wave ‘2’ to finally top out and turn lower into wave ‘3’ of ‘c’.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is holding in a corrective sideways move today and I have labelled this wave ‘iv’ of (iii).
Wave ‘v’ of (iii) must turn lower starting soon.
and I would like to see wave ‘v’ of (iii) break the 70.00 handle again ideally.
That will allow some breathing room between the wave (iii) low and the wave (i) low for a correction to form in wave (iv).
Lets see if we can complete wave (iii) this week first.

Tomorrow;
Watch for wave ‘iv’ to top out and then the price should drop back below 72.50 again to signal wave ‘v’ is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is closing at the highs again as I write.
This action fits the pattern in wave ‘iii’ of (v) at the moment.
Wave (v) will trace out five waves up and top out probably above 5400 at this stage.
And then we will have a complete five wave pattern at 5 degrees of trend again.
Once we get there,
I will turn my focus lower again.

Tomorrow;
Watch for wave (iv) to hold at 5192.
Wave ‘iii’ should top out early tomorrow.
And wave ‘iv’ can then correct sideways again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has traced out three waves down in wave (a) at this weeks lows.
But I would like to see a little more downside in wave ‘c’ of (a) to be honest.
The action today is still looking corrective to the upside.
I am suggesting that this action is happening in the closing stages of wave ‘c’.
But I can’t rule out the idea that wave (b) is already underway here.
We will know by this time tomorrow.

Tomorrow;
Watch for one last spike lower in wave ‘c’ of (a) to hit the 29.00 level.