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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have a corrective sideways move now in place in EURUSD this evening.
I am not sure that wave ‘b’ is complete yet.
But if the price breaks down below the wave ‘a’ low at 1.0825 again that will signal wave ‘c’ is underway.

Tomorrow;
Watch for wave ‘b’ to hold in the corrective form that it has.
Wave ‘c’ will trace out five waves down towards 1.0750.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

cable is moving lower today, but without the acceleration that I would like to see in a third wave.
Wave ‘iii’ of (i) should break below that 1.2800 level ideally.
And when that happens I will be much happier with this wave (i) count.

Tomorrow;
Watch for wave ‘iii’ of (i) to fall sharply and break below 1.2800 to confirm this count.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY missed the wave (a) low at 151.85 by 5 pips today.
While that is not a hit of the target,
it is close enough to consider a finished wave.

And so far we have a bounce off that support to suggest a possible completed pattern.
I have labelled wave (c) of [iv] complete at todays lows and that bounce off the lows is beginning wave (i) of [v].
Wave (i) must now continue higher in five waves towards 159.00 again over the coming week.
And I think if we see a break above 155.34,
that will signal that the turn is in here.

Tomorrow;
Watch for wave ‘i’ of (i) to break above 155.34 and then we should see a higher low build off that level.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The bounce today is labelled as wave ‘i’ of (v) so far.
The price did not hold up very long though.
the drop off is viewed as wave ‘ii’ at the moment,
but if the price fall back below 39580 again that will tip the scales in favor of the alternate idea here.
If a top is in place already at the recent high,
then we will see an impulsive decline in five waves off that top to complete wave (i) down.

Tomorrow;
WAtch for wave (iv) to hold at todays lows.
Wave (v) must continue higher from here and break to a new high next week.

We are close to that invalidation line at 39580 so keep one eye on that level to see if the alternate count can be triggered.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

We have a three wave pattern off the top in now complete after todays decline.
The price has filled the trend channel off the highs also.
So I am calling wave (a) complete at todays low.
If this count is correct,
then we will see a corrective rally in three waves towards 2430 over the coming days and into next week.

Tomorrow;
Watch for wave ‘a’ of (b) to rise back into 2400 to signal wave (b) is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

We have a possible corrective pattern in play here for wave ‘4’ of (1) now after the whipsaw action today.

The price first broke to a new low this morning,
and now we have a sharp bounce that has broken the wave [a] high again this evening.

This action completes a possible expanded flat correction in wave ‘4’ of (1).
the target level for wave ‘4’ was at 78.60 and the price has broken above 78.10 so far.
If this pattern is correct,
then we should see wave ‘4’ close out tomorrow and then turn lower into wave ‘5’ next week.

Tomorrow;
Watch for wave [c] of ‘4’ to top out and then turn lower into wave ‘5’.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market rebounded off the session lows today with some impulsive power to it.
and again the reversal is just as sharp this evening.
I have labelled the top of the range today as wave ‘iv’ of (i).
So this requires another decline into wave ‘v’ tomorrow to complete wave (i).
If that does not happen,
then I will be forced to rethink again!
I would rather not be forced to do that!

The decline off the top has only traced out three waves down so far.
this still qualifies as a corrective move here,
so I am going to remain open to another run up until we get five waves down complete.

Tomorrow;
Watch for wave ‘v’ of (i) to drop below the wave ‘iii’ low again to confirm five waves down.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has completely invalidated the previous count today by breaking back below 28.56 again.
The price plunged into 27.40 at the lows today.
and actually,
the further decline today filled the trend channel off the high.

The price has also completed five waves down off the top of the previous wave (b),
and this suggests wave (c) of [iv] may be completed even at todays lows.

So I am jumping from one completed pattern to another tonight.
This pattern requires that wave [ii] holds at the lows of 27.40.
So lets see if we can build an impulsive rally off the lows from here.

Tomorrow;
Watch for wave (c) of [ii] to hold at todays lows.
Wave (i) of [iii] must now begin from here and trace out five waves up over the coming weeks.