Good evening to one and all, the Lord’s Blessings to you tonight.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

This correction in wave ‘iv’ has traced out a nice three wave pattern into the highs today.
And wave ‘c’ has broken above the wave ‘a’ high in this trend channel.
But that top for wave ‘c’ of ‘iv’ is just not very convincing yet.
I am suggesting that wave ‘c’ should rise into 1.0820 to complete this pattern.
and then next week we should see a reversal into wave ‘v’ of (c).
The target for wave ‘v’ lies at the 1.05 area again.
We will see how that goes later next week,
but first we must complete this wave ‘iv’ correction.

Monday;
Watch for wave ‘c’ to push up to that upper trend line to complete near 1.0820.
Wave ‘v’ will begin with a drop beck into 1.0634 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable managed to pop higher in wave ‘c’ of (b) again today towards that 78.6% retracement level.
I am suggesting that wave (b) is now a triple combination pattern.
And wave ‘c’ pink is a three wave rally rather than the typical five wave pattern.
This pattern off the wave (a) low is still very corrective looking overall,
so I am not worried about the extent of the rally in wave (a) to be honest.
Wave (b) should top out early next week and then turn sharply lower into wave (c) for at least the next week, possibly longer.

Monday;
watch for wave ‘c’ of (b) to top out and reverse into wave ‘i’ of (c) by the end of Mondays session.
A drop into 1.2400 again will signal wave (c) is underway.
And I think wave (c) will drop in five waves into the 1.21 area to complete wave [a] green.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is again holding that higher low above the 138.42 lows today,
and as long as that level holds,
then this wave count for wave (v) remains valid.

The price managed to make a smaller higher low above wave ‘ii’ pink this evening.
And I am suggesting this is the beginning of wave ‘iii’ of (v).
Wave ‘iii’ must accelerate higher over the coming days to break above 141.00 at a minimum.
If that third wave rally does not begin on Monday,
then I think this wave count will com under pressure.

Monday;
Watch for wave ‘iii’ of (v) to break the wave (iii) high at 141.00 as the minimum target.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A flat day is hard to comment on to be honest!
This weeks market however has tip toed higher on slowing momentum and narrow breadth, again!
I am convinced of the terminal nature of this 9 month market rally.
But the end game pattern has been a difficult one to chart.
The market is still showing a possible ‘i’ ‘ii’ bearish impulse wave even at todays highs.
and the lower high is holding at wave ‘ii’.
The reversal and acceleration down into wave ‘iii’ of (i) has not appeared yet.
And that is the source of my frustration over the last weeks really.
I am forced to wait for an impulse pattern lower off that wave ‘ii’ lower high,
and when that happens,
I think the previous rally will unwind very quickly as a larger third wave down takes over.

Monday;
If wave ‘ii’ is complete at this weeks highs,
then we must see the beginning of wave ‘iii’ down early next week.

Watch for that elusive first decline into wave ‘1’ of ‘iii’ raise its ugly head.
34260 must hold.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A five wave rally into wave ‘c’ of ‘ii’ has completed at todays high.
That upper trend line was tagged again earlier today and the price reversed off that level again .
Gold is finishing the day back off the highs again.

If wave ‘ii’ is complete,
then wave ‘iii’ down should begin early next week.
If we see a drop back below the 1931 low again that will signal wave ‘iii’ has begun.
Wave ‘1’ and ‘2’ of ‘iii’ should form another lower high below the wave ‘ii’ high.
and then wave ‘3’ of ‘iii’ will make most of the progress in this next leg down.

Monday;
Watch for the high at 1983 to hold and wave ‘1’ of ‘iii’ to fall back below 1931.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I went over the alternate count for wave [ii] on the video this morning.
That count is very viable,
and at the moment I suspect this is a 50/50 market between both counts.
If the price breaks above 73.34 again that will trigger the alternate count.

As for the main count on the hourly chart,
I am suggesting that wave ‘ii’ will complete a three wave pattern higher at about 72.24 again.
If this pattern is correct,
then wave ‘ii’ should complete on Monday,
and wave ‘iii’ of (i) should begin on Tuesday.
Wave ‘iii’ down should fall back into 67.00 at the previous lows.

Monday;
Watch for wave ‘ii’ to complete below 73.34 and then turn lower into wave ‘iii’ again by Tuesday evening.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The count in Silver has not changed one bit today.
the action managed to pip to a new high in wave [b] by just breaking above the 50% retracement level again.
But again this evening the price is finishing below the that fib level again.
The pattern in wave [b] has all it needs to call it complete.
I just want to see wave (i) of [c] drop back towards 23.00 again next week.
that will confirm wave [b] is done and wave [c] is underway again.

Monday;
I think wave [b] has done enough now.
So,
watch for wave [b] to hold at the highs today.
A break of 23.50 again will signal wave (i) is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver had another wild rally today to invalidate last nights count again.
The pattern in wave [b] is turning out to be a really tricky one to figure out.
I can suggest another expanding wedge pattern for wave (c) again tonight.
This does have some explanatory power,
but this can only be confirmed with a turn lower into wave (i) of [c].

Even with the rally today,
the highs of wave [b] have not hit the 50% retracement level of wave [a] yet.
This is a typical level for a wave [b] retracement to top out,
so lets see if a sign of a top will emerge tomorrow again.

Tomorrow;
Watch for wave (i) of [c] to begin with a drop back into the 23.00 handle again.