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

I want to update last weeks short term charts to prepare for this weekends video update.

so at least you can see where I’m coming from!

See you on the weekend video!

No nightly updates next week, 17th – 21st of July.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

A small stop along the way in wave ‘v’ today.
the price should move lower in a corrective pattern in wave ‘4’ of ‘v’ on Monday.
And the wave ‘5’ of ‘v’ should complete by the middle of next week.

Todays rally has brought wave (c) out above the upper trend channel on the 4hr chart.
And it wont be long now before wave [b] reverses into wave [c].

Monday;
This five wave pattern will complete next week.
Wave (c) of [b] should take the price back down towards 1.05 at a minimum.
And I suspect this decline will last for at least a month.

Watch for wave (c) of [b] to top and turn into wave (i) of [c].

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Wave (v) has now reached above the upper trend channel line over the last couple of days.
The top is not in yet,
I think todays sideways action can be viewed as wave ‘4’ of ‘v’.
with wave ‘5’ of ‘v’ left to pop out above 1.3150.

Monday;
Watch for wave ‘v’ of (v) to close out this long rally and complete wave ‘C’ of (2).
this is a very high degree top we are talking about.
So lets see if there is a drop back into 1.2850 again at wave (iii) to signal the larger turn into wave ‘C’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

You know,
When I was looking for a turn down into wave [iv] I did not expect that hard turn for sure.
I got more than I bargained for here!

I had a rethink of the count in green labels today.
If you look at the 4hr chart you can see a leading wedge pattern into wave [i] complete at 135.15.
And then an extended rally in wave [iii] into the recent highs.
Now at todays low the price reached 137.25.
And the price has rebounded off that low with an interesting impulsive look so far,
If that rally breaks back above the high at 140.91 at wave (iii).
Then we have a real recipe for a bullish reversal into wave [v] of ‘3’ again.

Monday;
Lets give this rally a chance to see if a reversal will take hold and begin wave [v] of ‘3’.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

We have a triple top scenario building on the hourly chart.
Wave ‘iii’, wave ‘b’ and now wave ‘v’ of (v).

The rally in wave (v) is pointing towards the upper trend line at 34770 at the moment.
34944 marks the wave (iii) top,
and a break of that top will complete a clean pattern without any fifth wave failures.
The action today was impulsive again so it seems wave ‘5’ of ‘v’ is now underway.
And of course that brings the market one step closer to the end of this pattern for wave (v) of [c] again.

Monday;
Watch for wave ‘v’ to close out this five wave pattern and watch for a hit of those targets.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

There is a cluster of tops coming into view between 1967 and 1984 now.
The previous wave (b) topped out at 1967.
The 62% retracement level of wave [i] lies at 1984.
And wave (c) of [b] will reach 162% of wave (a) at 1971.

this is the area I am interested in to top out this three wave rally in wave [b].
and then we can look for wave (i) of [c] to begin.

Monday;
Wave ‘v’ of (c) could be underway off todays low.
A break of 1963 at the wave ‘iii’ high will confirm wave ‘v’ has begun.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

We have a drop off the high at 77.10 today and I am suggesting this move is wave ‘4’ now underway.
The price has dropped into the suggests low at wave (a) this evening.
And I think wave ‘4’ should bottom out between 74.70 and 72.70 at the lower support.
Wave ‘5’ of ‘c’ should rally back above 77.10 again by midweek,
and that will complete wave ‘c’.

Monday;
Watch for wave ‘4’ of ‘c’ to complete a three wave pattern lower and then turn higher into wave ‘5’ by midweek.
wave (c) of [ii] should complete by the end of next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

the S%P has stalled at the top trend channel line this evening,
and now as I write the market has turned back below that line again.
I have marked the high at wave ‘a’ at 4458.
And if we see a break of that level early next week,
that will suggest wave ‘c’ of (iv) is underway.

Tomorrow;
Watch for wave ‘c’ to turn lower in five waves to complete wave (iv) with a break of 4327.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has completed five waves up in wave ‘3’ of ‘c’ this evening.
This pattern suggests wave ‘4’ and ‘5’ will create one more step higher to complete the larger pattern in wave (c) of [b].
Much like gold now,
this pattern in Silver is completing a lower high in wave [b] green.
And the pattern is pointing to one more leg down into wave [c] to begin soon.

Monday;
Watch for wave ‘c’ to complete a five wave internal pattern near 25.30 at the 78.6% retracement level of wave [a].