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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave ‘a’ has not gone as far as I first expected,
but we have three waves down now in place at todays lows.
That should be enough to call wave ‘a’ done,
and wave ‘b’ should now turn higher in three waves again.
The high of wave (c) must hold for this count to remain valid.
and wave ‘c’ will then turn lower next week with the target set for wave (d) at the 1.0777 support.

Tomorrow;
Watch for wave ‘b’ to trace out three waves up to hit the 1.0950 area.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable bounced off the session lows today to begin wave ‘c’ of (ii) finally.
The price should now run higher in five waves to hit the wave ‘a’ high at 1.2840.
that will be enough to complete an expanded flat correction in wave (ii) early next week,
and then I will look for wave (iii) down to begin.

Tomorrow;
Watch for wave ‘c’ to top out with a break of the wave ‘a’ high at 1.2840.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is not exactly fitting the pattern for wave (iv) very well at the moment.
The price is holding just below the highs of wave (iv) again this evening,
and if we don’t see a sharp turn lower tomorrow in wave (v) of [c]
that will not favor this idea in wave [c] of ‘A’.

If we see a break above 148.50 again that will signal that wave ‘B’ has begun.
So we are in a possible reversal scenario right now.

Tomorrow;
Watch for wave (v) to turn lower overnight.
A break of 141.69 is the minimum target.
A break of 148.50 will signal wave [A] of ‘B’ has begun.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another rebound today has pushed this wave count in favor of the higher degree correction in wave (iv) blue now.
the size of the correction is now comparable with wave (ii).
So,
I am now calling this three wave correction wave (iv) of [i].
with the pattern topping out this evening in wave ‘c’ of (iv).

The margin for error here is still quite narrow.
Wave (iv) must not break the wave (i) low at 39800.
If that level breaks then I will be forced to rethink this pattern in wave (iv).

Tomorrow;
Watch for that wave (i) low to hold.
Wave (iv) should complete right now and then turn lower early tomorrow to begin wave (v) of [i].

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Ok time for a rethink on this wave count for wave [iv].

The rally today rules out the previous count for wave (b) of [iv].
And now we have a possible triangle pattern developing in wave (b) as shown.

Todays rally can be viewed as wave ‘c’ of (b).
And if this interpretation is correct then we will see a further tightening of the range in waves ‘d’ and ‘e’ over the coming days.

Tomorrow;
Watch for wave ‘c’ of (b) to top out soon and then the price should fall again into wave ‘d’ over the coming days.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude pushed higher again today in wave (v) blue.
That rally in turn completes five waves up in wave [c],
and that also is enough to complete a three wave rally in wave ‘A’.

Tomorrow;
Watch for wave ‘A’ to top and turn lower into wave ‘B’ over the coming days.
Wave ‘B’ should create a higher low above the wave (1) low next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The action today has complicated the matter slightly,
but I still think there is a good chance that wave (iv) blue is the correct count here.

We have a three wave structure higher overall this week.
Wave ‘b’ of (iv) traced out an expanded flat correction that completed yesterday.
And now the rally today has pushed higher in wave ‘c’ of (iv).

As usual,
the top of wave (iv) is too close for comfort to the wave (i) lows.
So we will need a sharp decline tomorrow to bring this count back in line again.

Tomorrow;
WAtch for wave (i) to hold at 5390.
Wave (v) of [i] must now continue lower into break the wave (iii) low at 5090.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver managed a very small new low today and that may have completed the larger pattern in wave ‘v’ of (c).
This is still a little early to be sure,
but a rally back above 29.21 again will signal wave (i) of [iii] is underway.

I am a little concerned that the rally in the metals is happening on a rebound day across the markets.
So there is every chance that a larger downdraft in risk assets will pull the metals lower with them.
Sometimes a flight out of risk will just crush everything in the rush to get ‘out’.
Just be aware of that.

Tomorrow;
Watch for wave ‘i’ of (i) to continue higher in five waves towards 28.50.