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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A sharp turn down in EURUSD today suggests that wave (c) is complete at 1.0915.
and wave (d) is now underway.
We have a three wave decline in place for wave ‘a’ this evening,
the price has hit the support level now,
so,
wave ‘a’ is now done and wave ‘b’ will turn higher in three waves from here.

Monday;
Watch for wave ‘a’ to hold at the 1.0788 support.
Wave ‘b’ should trace out three waves up towards 1.0870 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I have shown the decline today as the start of wave ‘iii’ of (i).
The price has not done enough to confirm wave ‘iii’ is underway yet,
a break of 1.2673 will do that early next week.
The price actually has a lot of work to do to confirm a top in wave [ii] and the beginning of wave [iii] overall.
Wave (i) down must retrace much of the recent rally with a decline back into the 1.2500 handle suggested for wave (i).
So next week will be a big week for the larger wave count in wave [iii].

Monday;
Watch for wave (i) of [iii] to continue lower in five waves towards 1.2500.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has traced out three waves up so far and this rally must continue in order to confirm the count in wave ‘ii’.
A break of the wave ‘i’ high at 157.72 is only the first step in this pattern.
So while todays rally is a good start,
it is not enough to be overly confident yet.

Monday;
Watch for wave ‘3’ of ‘iii’ to continue higher as shown.
A break of the high at 157.72 will confirm the idea for wave ‘iii’ here.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is essentially flat today even though there was a lot of movement around the center.
The high of the session did break above the 50% retracement level of wave (i) at the top.
And now the market fell back off the highs again.
I remain hopeful that wave (ii) is complete here,
but I want the action to confirm that idea next week.
A break below the wave ‘b’ low at 38240 again will be a signal wave ‘i’ of (iii) is underway.

Monday;
watch for wave ‘i’ to finally come in with a drop back into the wave ‘b’ low.
The big move lower into wave (iii) must come next week with a drop below the wave (i) lows at 38000 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold dropped sharply off that wave ‘2’ top today and now the price is back below the wave ‘1’ low again.
The price must continue lower early Monday to confirm this pattern.
And the minimum target for wave (iii) lies at 2254.

the larger wave (iv) pattern has further to go to reach its minimum target at 2276.
But I am looking for an extension in wave ‘c’ to fall back below 2200 ideally.
We will see how wave ‘c’ goes next week.

Monday;
Watch for wave ‘3’ of ‘c’ to fall back below 2276 at a minimum.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has stalled the rally today after a sizeable rally off the recent lows.
I have switched to the alternate count tonight for waves [i] and [ii] because of the rally this week.
Wave (a) of [ii] is labelled as complete at this weeks highs.
And wave (b) should form a higher low next week as shown.
The target for wave (c) of [ii] is suggested at the previous corrective high at 80.46.
So the price will make its way up there in three waves over the coming days.

Monday;
Watch for wave (b) of [ii] to drop off in three waves and form a higher low above 72.50.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A possible top in wave (v) has emerged today after the choppy action this session.
We have a five wave pattern visible off the wave (iv) lows.
This rally has completed wave (v) in theory,
and we should see a turn lower next week into wave (i) if this works out.

Monday;
Watch for wave (v) to show signs of weakening and then reversing with a drop back into wave (iv) at 5190 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver came down hard today and that suggests wave (b) is actually complete at this weeks high.
Wave (b) must now hold at 31.50 as wave (c) develops.
I am looking for a five wave decline in wave (c) to hit the 26.00 area when wave [ii] closes.
Wave ‘i’ of (c) is complete at this weeks lows.
and wave ‘ii’ should turn higher from here to forma lower high over the coming days.

Monday;
Watch for wave ‘ii’ to correct higher back to the 30.00 handle again in three waves.