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 sideways grind in EURUSD in ongoing since early February off the top of wave ‘1’.
And every time I think I have nailed the pattern,
then it starts to drift out of that pattern again.

I have suggested wave [b] of ‘2’ is moving in a triangle pattern lately.
And now we have a rally today which brings this triangle into question again!
Right on time eh!

The top of wave (c) is still holding this evening,
but only by a margin of 50 pips as I write this update.
There is every chance that this triangle pattern for wave [b] will be invalidated next week.
If that happens,
then I will just have to go back to the drawing board again.

The main alternate for wave ‘2’ blue is shown on the 4hr chart.
That involves a running flat pattern where wave [c] completes above the wave [a] low.
This pattern is possible,
but I just don’t favor it to be honest.

Monday;
I would like to see this triangle complete below 1.1010 at wave (c)
and then a sold decline into wave [c] as shown.
we will know on Monday if this pattern is going to hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is moving higher today in line with the wave (v) idea now.
And todays rally is labelled as wave ‘iii’ of (v).
So far wave ‘iii’ has not traced out a five wave pattern,
and I think wave ‘iii’ should complete above 1.2900 at a minimum.

So there is work to do here to close out this rally at the larger degree wave [v].
When that final top comes in for wave [v] of C,
then I will begin to look for a much larger reversal into wave (3) down.

Monday;
Watch for wave ‘iii’ to trace out five waves up and complete above 1.2900 again.
A break of the wave ‘ii’ low again will invalidate this count for wave (v).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

That was quite a drop into the lows today,
and because of that action last nights count is invalid,
and I think wave [iv] is now underway here.

The decline today is labelled as wave (a) of [iv].
Wave (b) should correct higher in three waves next week to complete a lower high.
and wave (c) should bring the price back to the 140.00 area again over the coming weeks.

Monday;
Watch for wave (a) to complete soon,
wave (b) should turn higher by the end of Mondays trade.
And then we are looking at a few more days at least of a correction in wave (b).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I just want to make it very clear,
I am speculating with this hourly count.
there are issues with this idea of a failed fifth wave to complete this wave (c) of [ii].
And I have gone through them in the video today also.
my cards are on the table now!

The action todays is corrective looking and seems to have traced out three waves up to the session high.
I am viewing this as a small fourth wave correction within wave ‘1’ down.
And I am suggesting that wave ‘1’ down should break the initial support at wave ‘4’ to complete this pattern.

The validity of this count rests on the early action next week.
A break of support will favor the idea.
And if support holds,
then its back to the drawing board again.
Its simple.

Monday;
Watch for some follow through to the downside to complete five waves down off the recent high.
One step at a time here.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold made a small double top at the high today and now the possibility emerges that wave ‘ii’ is complete here.
The wave ‘ii’ correction has reached back above the 50% retracement of wave ‘i’.
And that is a satisfactory level to complete this pattern.
If this pattern is correct for wave ‘ii’ here,
then next week will focus on wave ‘iii’ down with a target in the area of 1860.

Monday;
A break of the wave ‘i’ low at 1892 will signal wave ‘iii’ has begun.
Watch for the decline to start early on Monday to reinforce this count.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Well,
one days action and the alternate count for wave [ii] comes right back into focus again!

The main count is still valid for the moment.
But if the high at 74.37 breaks again,
that will trigger the alternate count for wave (c) of [ii].

The alternate count involves a possible triangle for wave (b) complete at last weeks lows.
And now the rally in wave (c) will complete that pattern near 75.00 again.

The main count is on the edge of invalidation now so I will be watching this market closely on Monday;

Monday;
Watch for wave ‘c’ to complete below 74.37 again and then turn lower into wave ‘i’ of (iii) by Monday evening.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Although I have not labelled the action,
the S&P has traced out a three wave rally to a lower high today.
And that is a small vote in favor of this possible top scenario here.

The market must turn lower again on Monday to break support at 4327 to give this idea another lift again,
but for the moment,
I will let the market do the talking.

the alternate count for wave (iv) is still valid here also and I will not rule that out at all yet.
That count requires a drop back below 4327 also to complete an expanded flat correction.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver rallied in lockstep with the stock market today and that may even favor the possible topping scenario in the S&P here.
The price has failed to break the wave (ii) high today.
And we have a possible three wave pattern in place here also for wave ‘ii’.
this pattern suggests wave ‘iii’ of (iii) will begin on Monday,
and that wave should bring the price back down into the 21.00 level again if all goes well here.

Tomorrow;
Watch for wave ‘ii’ to hold below 23.29.
Wave ‘iii’ will be confirmed with a break of 22.09.