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

I will be travelling tomorrow with all the house and the family packed into the car like sardines. So, I will not get to update tomorrow night.

I will be back to you early next week to touch base and update what I missed. As I mentioned before, I am switching to holiday mode next week.

I will not be updating every night, but I will not disappear on you!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The rally into wave ‘a’ came yesterday,
and the decline into wave ‘b’ today.
At this point there is only one last move up into wave ‘c’ left to complete this triangle in wave (c) of [b].

If the low at wave (d) breaks at 1.0719 that will only mean wave (d) is still in play here.

Tomorrow;
Watch for this triangle to complete with wave ‘c’ of (c) with a break above 1.0853.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

when you look at the 4hr chart you can see that cable has done nothing all year.
The market is closing tonight at exactly the highs on December 14th last.
Now that’s a long road to nowhere.

I am showing the larger wave count again tonight and you can see that wave (v) of [c] has already hit a possible top this week.
And that does leave the option open next week for a drop back into wave [i] again.
I will leave this pair for a few days to see if the reversal builds again.

Tomorrow;
Watch for wave (v) to hold at 1.2860.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is still holding just below the validation level at 157.72 today.
the possibility of a wave ‘iii’ rally is hanging in the air here.
but the reality has not surfaced yet.

Tomorrow;
Watch for wave ‘3’ of ‘iii’ to push out above that wave ‘i’ top at 157.72.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow tagged the previous wave ‘b’ low and rebounded off that level today.
The market may be tracing out a ‘i’ ‘ii’ pattern as shown here.
but we will need to see a solid break through wave ‘i’ and a break below 38000 again to confirm the pattern.
If this pattern is correct,
then wave (ii) will not be challenged again,
and wave ‘iii’ of (iii) will accelerate lower over the coming days.

Tomorrow;
Watch for wave ‘ii’ to form a lower high below the wave (ii) top this week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

It is a real frustrating that wave ‘3’ of ‘c’ has not broken down below 2254 this week.
Although the market made a move in that direction today we are still holding above support again.
I am looking again at the alternate count for a triangle in wave (iv) on the 4hr chart.
and that count becomes move viable every day that the price does not drop into wave ‘3’.

Tomorrow;
A break of 2276 is the first step to confirming this count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is holding below the wave (a) high again today and we are beginning to see the emerging three wave pattern lower into wave (b).
I am looking for a low near 76.00 to complete wave (b).
and then a rally next week into wave (c).

Tomorrow;
Watch for wave ‘c’ of (b) to fall into that 76.00 area and complete three waves down to a higher low.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The action in the S&P today is more corrective than not.
and I suspect this is a small correction within wave ‘v’ of (v).
The price bounced off the session low this evening and we will likely see a new high tomorrow to complete wave ‘v’ of (v) again.
From there I will look lower next week into an impulsive decline in wave (i).

Tomorrow;
Wave ‘v’ of (v) will likely hit a new high to complete the larger wave (v) pattern.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver broke back below the 29.00 level today and I am hoping this is the beginning of wave ‘iii’ of (c).
We will need to see a larger step lower to confirm wave ‘iii’ of (c).

I have marked the level at 28.40 as the minimum target for wave (c) as this is where wave (c) reaches equality with wave (a).
but I would prefer to see a low near 26.47 where wave (c) reaches 162% of wave (a).

Tomorrow;
Watch for wave ‘iii’ of (c) to continue lower as suggested.
wave ‘ii’ must hold at 30.23.