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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has completed a five wave pattern higher in wave ‘c’ at todays high.
The price turned lower again off that level again also.
The question now is,
has wave ‘i’ of (iii) finally begun.
If wave ‘i’ is now underway then we should see a five wave decline back below 1.0779 again by the end of the week.

Tomorrow;
Watch for wave ‘i’ down to take over and continue lower to break the wave ‘a’ high at 1.0779.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

That spike earlier today almost broke the recent top again at wave [b].
But so far the lower high is holding in wave ‘ii’.
Wave ‘iii’ down should fall into that support level at 1.2545 at wave (a).

Tomorrow;
I want this five wave decline to continue in wave (i) of [c] should continue.
A break of that support will confirm this pattern.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The rally in wave ‘iii’ has continued today and the wave count is back on track.
Wave ‘iii’ is now close to hitting the Fibonacci target at 143.44.
Once that happens,
then we should see a correction in wave ‘iv’ again.
one step at a time though.

Tomorrow;
Watch for wave ‘iii’ of (v) to complete at the target.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The support at wave ‘4’ is holding the market again today.
I want this level to break with an acceleration lower in order to give some life to this bearish wave count.
So far that has not happened.
So I will remain skeptical for the moment until we see some confirming price action in favor of the main count.

Tomorrow;
Watch for the bearish pattern to be confirmed with a break below the low at 33770.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The price has not corrected higher in wave ‘ii’ to the extent that I expected.
I am labelling wave ‘ii’ complete at Tuesdays high,
but I am not sure about that to be honest.
If the price accelerates lower into wave ‘iii’ tomorrow that will confirm this count.

Tomorrow;
Watch for wave ‘ii’ to hold at 1937.
wave ‘iii’ should fall back towards 1860.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The count in crude oil got a boost today also.
This sharp decline is labelled wave ‘i’ of (iii) so far.
I am looking for a retracement of the wave ‘c’ rally to complete wave ‘i’ near 68.20.
That is the key level in the short term now.
The larger wave (iii) pattern will get confirmed with a break of the wave (i) low at 66.95.

Tomorrow;
Watch for wave ‘i’ to hit 68.20 to complete.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The decline off the recent wave ‘2’ high is not exactly a perfect impulse wave.
But the patterns and internal wave relationships that developed in that wave ‘2’ correction are strong enough to consider that wave complete.
And so the hunt for a reversal continues.

There is a possibility this is a reversal pattern building off that top.
the larger wave ‘i’ down will be confirmed with a break of 4236.
So at the moment I am speculating here.
So lets see if the pattern develops as suggested.

Tomorrow;
Watch for wave ‘1’ and ‘2’ of ‘i’ to complete a lower high and then turn lower again into wave ‘3’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at the previous wave [b] pattern a little differently tonight.
The top at 24.50 is now counted as the orthodox top for wave [b].
And off that wave (i) and (ii) created a lower high to begin wave [c].
The extended decline this week is suggested as wave (iii) of [c].
and I am looking for wave (iV) to begin before the end of this week.

Tomorrow;
Watch for wave (iii) to complete tomorrow and then turn higher in a corrective rally in wave (iv) of [c].
The initial target for wave (iv) lies at 22.67 at initial resistance.