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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A new top top for wave ‘c’ of (ii) tonight.
This should complete the larger pattern in wave (ii) now and the decline into wave ‘i’ of (c) is set tp begin.

Tomorrow;
Wave (ii) has hit the 78.6% retracement of wave (i) now and the pattern must turn.
Wave ‘i’ of (c) should break below 1.0779 to confirm the pattern.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding below the wave [b] high so far this week.
but the pattern off the top is not ideal to be honest.
There is a possible running flat correction in wave ‘ii’ complete at todays top.
so wave ‘iii’ must drop sharply tomorrow to confirm the idea that wave (i) is underway.

Tomorrow;
Watch for wave ‘iii’ of (i) to fall back to the wave (a) high at 1.2545 again to signal wave [c] is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The action in USDJPY has lost momentum just when we should see more impulsive action in wave ‘iii’.
There is a chance that this new high has complete wave (v) as an ending diagonal.
IF that is correct,
then we should see the price fall back below 139.27 pretty quickly from here.

Tomorrow;
I am going to allow this main count a chance to reassert itself.
Wave ‘iii’ should turn higher again.
Watch for wave ‘i’ to hold again at 141.50.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is holding below the recent highs again today and that is, at least allowing for a reversal pattern to build here.
The support is holding at wave ‘4’ also today,
that level needs to break with a sharp move lower tomorrow to give this reversal wave count a boost.
Five waves down in wave ‘i’ should break below the wave ‘iv’ low at 32583.

Tomorrow;
Watch for wave ‘4’ to break at 33779.
Wave ‘i’ down must take over before the end of this week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am looking at a possible running flat wave (b) tonight after gold broke to a slight new low today.
The decline off wave (b) is in five waves also,
so this does suggest the top for wave (b) is in place.
And that wave (c) of [a] is now underway.

Tomorrow;
Watch for wave ‘ii’ to form a lower high below 1967.
Wave ‘iii’ should break down below 1900 again and I am looking at a low near 1860 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil was showing signs that wave (ii) was complete at yesterdays top but another spike rally today is raising questions here.
The main wave count is still a real possibility as the price has hit the 78.6% retracement of wave (i) now.
If we see a sharp reversal tomorrow,
then wave (iii) has begun.

As for the alternate count,
that count remains an option.
Even though I prefer the idea that the recent rally is a correction higher rather than an impulsive rally.
We will know soon enough.

Tomorrow;
Watch for this wave (ii) pattern to top and turn pretty quickly.
The price must hold below 74.37.
And wave ‘i’ down must turn lower towards 68.00 again.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P remains off the top again today but without an acceleration lower so far.
At the moment I am happy to give this pattern time to develop.
If the initial decline off the top can retrace the recent wave ‘v’ rally then we will have a real reversal pattern in the making.

Tomorrow;
Watch for this initial move lower to continue.
Watch for a break below wave ‘iv’ at 4256 to favor the wave ‘i’ down idea.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver took another sharp turn lower today and I think there is a five wave pattern now complete in wave (i).
This decline should lead to a corrective rally in wave (ii) pretty soon.
And I am looking at the 23.20 level as a target for wave (ii) to reach.
That level marks the previous pivot low at wave (b).

Tomorrow,
Watch for wave (i) to complete and then turn higher into wave (ii) by the end of the week.
23.20 is the level to watch for wave (ii).