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

I just want to start tonight with a little house keeping.
My family and I are heading off on holidays on Friday afternoon.
We will be camping with the kids in a few different places for the next 2 weeks.
I do intend to keep the updates coming quite frequently over that time.
It all depends on the schedule of course.
But I wont disappear completely!
If anything major does happen I will be on here chin-wagging about it!

It is that time of year again,
and at this time I like to step back from the daily grind a little to take a look at what I am doing with my life per se!
I hope to return from this holiday with a fresh perspective and a better attitude in general.
thats the idea anyway.

Ok,
on with the show.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has fallen again today and along with that,
the price has now reached the initial target area I suggested for wave (d).
The question is this;
is wave (d) complete at this low?
I am going to run with that idea for tomorrow at least.
And in this scenario wave (e) should now track higher in three waves towards that upper trend line again at 1.0850 or so.

Tomorrow;
Watch for wave (d) to hold at the current lows.
Wave ‘a’ of (e) should rise tomorrow to break above 1.0788 at a minimum.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The price has only traced out three waves down off the recent top at todays lows.
The session low today only just pipped below the previous wave ‘iv’ lows at 1.2692.
and then the price spent most of the day drifting higher in a corrective manner.

There is a chance that wave (i) is still underway here.
I have shown the correction higher today as wave ‘iv’ of (i).
and if this is correct,
we should see another step down into wave ‘v’ of (i) starting tomorrow.

Tomorrow;
Watch for wave ‘iv’ to hold below the wave ‘i’ low at 1.2742.
Its a close call at the moment,
but wave ‘v’ of (i) must now turn lower and fall into the 1.2600 area again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

There is still much to be desired from this wave ‘iii’ rally in USDJPY.
The price has only traced out three waves up so far off that wave ‘ii’ low.
And wave ‘3’ of ‘iii’ is expected to break out to a new high over the coming few days.
I am hopeful that wave ‘iii’ pink can break above 160.00 again to prove the larger count.
But we will have to wait and see on that idea.

Tomorrow;
watch for the wave ‘ii’ low to hold at 154.53.
Wave ‘3’ of ‘iii’ must break 157.72 to put this wave count back on track.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is holding below the recent highs again today and that opens up the possibility that wave (ii) is complete.
Wave (ii) did hit the 50% retracement level of wave (i).
and now we have a possible impulsive decline off the lower high.
So the action still favors this wave count at the moment.

Tomorrow;
Watch for wave ‘i’ of (iii) to fall further and hit the wave ‘b’ lows at 38240.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding above Fridays lows this evening after a fairly tight trade today.
Wave ‘3’ down has not gone far enough yet in my estimation.
So I will stick with the main count for another day to see if we get some more progress to the downside.
I am looking for a low in wave ‘3’ of ‘c’ near 2250 where wave ‘3’ will reach equality with wave ‘1’.
And from there we can look for a correction into wave ‘4’ again.

Tomorrow;
Watch for the price to turn lower again and hit the target area at 2250 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is extending the rally in wave (a) today and I have shown a possible interpretation that can explain this.
Wave (a) can trace out five waves up towards the wave (iv) high near 80.00.
And in that scenario,
todays rally is wave ‘iii’ of (a) which explains the acceleration.

The overall pattern in wave [ii] is still the same.
A three wave rally with a target at the 62% retracement level at 81.55.
This correction higher will take up the next few weeks trading I suspect.
so it will be a bumpy ride to the target.

Tomorrow;
Watch for wave (a) to trace out five waves up as shown.
Wave ‘iii’ of (a) will top out tomorrow and then turn down into wave ‘iv’.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A pretty undecided trade today with the market just holding at near the highs again.
The pattern in wave (v) is most likely still underway here.
And this suggests wave ‘v’ of (v) will hit a ew high this week as shown.
The opportunity to turn lower off a completed pattern will come next week once wave (v) is done.

Tomorrow;
WAtch for wave ‘v’ of (v) to break to a new high and close out the larger pattern.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

A small move higher in silver today is in line with the correction in wave ‘ii’ of (c).
We will see how this wave will develop,
but I am suggesting a 50% retracement of wave ‘i’ as a possibility.
That gives a target at 30.30 for wave ‘ii’,
and then wave ‘iii’ of (c) will turn lower again from that area.

Tomorrow;
wAtch for wave ‘ii’ of (c) to correct in three waves towards 30.30.