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

I will start tonight with an apology, I was not feeling well on Friday night and I did not have the energy to get in front of the computer to get the update done. I am back to normal now and so I will do a run down on Fridays action to setup for tomorrow.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The rise into wave (c) reached to a slight new high and now the price is sitting just below the previous wave ‘b’ top.
This area should offer some resistance to the rally and the turn down into wave (d) is set to begin presently.

Tomorrow;
Watch for wave ‘a’ of (d) to turn lower and begin a three wave decline in wave (d). of this long standing triangle.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The rally in cable has now hit the rising channel of wave [c] green.
The larger channel covering wave ‘2’ red sits above the 1.30 level.
A five wave pattern in complete in wave (v) of [c].
And now wave ‘v’ pink has broken out above the upper channel.
This pattern is done,
the rally should be done also.

Tomorrow;
Watch for wave (i) down to take control of the action the first stop for wave (i) lies at the 1.2600 level at wave (iv).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY made an attempt to rally out of the wave (iv) lows on Thursday but Fridays action fell back to the low of the week again.
The decline is complete in wave (iv) here and I still expect wave (v) to turn higher to hit a new high this week.
A break above 162.00 will do it.

Tomorrow;
WAve ‘a’ of (v) will begin early this week to confirm this pattern.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A new high in the DOW on Friday has crushed my previous short term count.
The next pattern to cycle to is a running flat wave [iv] and now an ending diagonal wave [v] green.

Tomorrow;
The next time this market breaks 38000,
that will confirm the decline into wave (C) is underway.
Watch for a retracement into wave [iv[ at 38000 this week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold may have a turn into wave ‘ii’ now underway,
the top of wave ‘5’ of ‘i’ may pop above 2423 again on Monday to complete a five wave pattern in wave ‘5’ black.
But at that point wave ‘ii’ should begin.
The first support comes in at 2350 for wave ‘ii’,
so that is where I will be looking this week.

Tomorrow;
Watch for three waves down in wave ‘ii’ to fall into 2350.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Fridays trade brought a drop back off the 62% retracement of wave ‘i’ pink.
That action signals that wave ‘iii’ is now underway.
Wave ‘iii’ of (i) should fall further this week and confirm the pattern with a break of 80.00 again.

Tomorrow;
Watch for wave ‘ii’ to hold at 82.73.
Wave ‘iii’ down must break the 80.00 to confirm the pattern.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market is getting choppy at the top here and Fridays trade brought another tag of the upper trend line in wave (v) blue.
5440 marks the initial support level and wave ‘i’ of (i) will break that this week in this scenario.

Tomorrow;
Watch for the price to reject that upper trend channel line again and then fall in five waves into wave ‘i’ this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver fell into the previous wave ‘iv’ lows to complete wave ‘a’ of (ii).
The bounce on Friday is labelled wave ‘b’.
and we are waiting for wave ‘c’ of (ii) to fall again to complete three waves down near 30.00 this week.

Tomorrow;
Wave ‘b’ should hold below 31.75 and complete by tomorrow evening.
Wave ‘c’ and wave (ii) are expected to be done by midweek to open up the possibility of a rally into wave (iii) later in the week.