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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The triangle continues in wave (c) today.
I suppose this is fitting in terms of the slow summer season.
But I am getting a little frustrated with this slow topping process in wave (c).
I want wave (d) to begin this week and fall as suggested into the 10700 area.

Tomorrow;
The center of the range over the last few weeks lies at the 1.0800 level.
So I am watching for a drop into that level is wave ‘a’ of (d).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

cable has spent another day holding at the upper trend channel line in wave ‘v’ of (v) of [c].
Wave (iii) of [c] is set at the previous high at 1.2805.
So I am suggesting that a break down below that level will signal wave (i) has finally begun.
And just like EURUSD,
I am hoping that can begin this week.

Tomorrow;
Watch for wave (v) to finally show signs of completion with the price dropping back below 1.2800 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Take a look at the 4hr chart first tonight.

I am going to suggest a new count for the current action again tonight.
This count involves a much larger wave [iv] correction,
before the price turns higher into wave [v].

this new wave count will allow for a drop into the previous low at 151.00 again to complete wave (c) of [iv].
Wave (b) of [iv] has topped out at last weeks highs.
And now we have a possible turn down into wave (c) of [iv].

I am not convinced that wave (c) will trace out five waves down.
So I am looking at a three wave drop instead.

Tomorrow;
Watch for wave (c) to trace out three waves down this week with an initial target at 151.00.
If wave ‘a’ has completed five waves down,
then wave ‘b’ should begin a corrective retracement tomorrow.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I dont think I will have much to write about the stock market this week as we hang out at the top of a fifth wave again.
My hopes for that previous decline has been dashed.
And now I must eat my hat here and just go back into my box until I have something else to work with again.
Hopefully that can happen this week.
I will wait with my mouth shut and my hands tied behind my back, I promise!

Tomorrow;
the upper trend line of that best fit channel is coming close again this evening.
A fifth wave tag and drop will be an interesting move to watch.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold made a spike higher to hit a new high in wave ‘i’ again today.
I do think there is a better internal pattern for wave ‘5’ of ‘i’ now.
and again I will continue to expect wave ‘ii’ to come in this week.
A drop into the wave ‘4’ low at 2350 again will be the initial target for wave ‘ii’.

Tomorrow;
Watch for wave ‘a’ of ‘ii’ to drop off the top to start the correction.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Take a look at the daily chart to start with tonight.

I am showing another possibility for the long term sideways action since April 2023.
This can be viewed as a triangle in wave [4] of wave ‘c’.
If that is correct,
the pattern calls for the same result from here.
That is a large decline into a fifth wave to bring us down to a new multi year low again.

The main count can hold for now as both interpretations line up for the moment.
Wave [iii] of ‘3’ calls for an acceleration lower to begin this week.

Tomorrow;
Watch for wave (i) of [iii] to continue lower and to create a five wave decline this week.
Wave ‘iii’ of (i) should hit the 79.00 level to complete.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

If we look at the rise in wave (v) the pattern fits well into that rising channel.
The price has hit the upper channel line three times over the last few days.
with a reversal immediately after.
The same is true tonight.
I am hopeful this pattern can end this week.
And as usual,
I am keeping my eye on 5440 at the wave ‘iv’ lows.

Tomorrow;
Watch for wave (v) to close out in the next few days and drop in an impulsive manner into 5440.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

A possible corrective retracement is complete today in wave ‘b’ of (ii).
The price did not make much gains in wave ‘b’
and now this evening the price has dropped pretty sharply again into wave ‘c’.
I am looking for a drop into the 30.00 level again for wave (ii).
and from there I will look higher to begin wave (iii).

Tomorrow;
Watch for wave (ii) to complete a three wave decline at the 30.00 level again.