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

Back with another long awaited video update!

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Three waves down into wave (d) is going to test my patience I think!
The market is just dead quiet today as wave ‘b’ gets going.
The price has not completed three waves up to a lower high yet,
so I suspect we will see a quiet day on Monday also as wave ‘b’ corrects upwards.
I have shown a target area around 1.0970.
Once we see wave ‘b’ complete,
then it will be time for wave ‘c’ to fall again towards the 1.0800 level by the end of next week.

Monday;
Watch for wave ‘b’ to complete a lower high in three waves.
Wave ‘b’ must hold below 1.1000.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is holding above the weekly low tonight as wave ‘c’ of (iii) is still underway.
Wave ‘c’ must carry higher towards that 1.2841 target at wave ‘a’ to complete an expanded flat correction in wave (ii).
If the price does not reach that level,
then wave (ii) will be classed as a running flat.
Either way,
wave (iii) down is calling for next weeks trade.

Monday;
Watch for wave (ii) to complete with a break of the wave ‘a’ high at 1.2841.
Wave (iii) down should begin off that level.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am going to switch up the main count for wave ‘A’ and ‘B’ tonight.
There is a possibility that wave ‘A’ has completed at the recent lows.
And in this scenario,
the bounce off that low should begin wave ‘B’.

We have a possible three wave rally in play off this weeks lows which I have labelled wave (a) of [a].
Wave (b) is tracking sideways over the last few days.
And this should be followed by wave (c) early next week.

Tomorrow;
Watch for wave (b) of [a] to hold above 141.70.
Wave (c) is expected to rally into the 151.00 area to complete three waves up.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

A three wave correction pattern is holding in wave (iv) blue again this evening.
And the wave (i) low has not been broken yet.
I am not certain that wave (v) will follow from here as shown.
But as long as the main pattern holds for wave [i] down then I will stick to my guns here.

As the days have progressed this week we have seen a clear three wave pattern develop.
And this evening wave ‘c’ of (iv) has hit the upper channel line and now we see a drop off that line again.
The action suggests wave (iv) is complete,
I want the confirmation to come with a solid drop on Monday to break 38400 again.

Monday;
WAtch for that wave (i) low to hold at 39800.
Wave (v) must turn lower again in five waves to break the wave (iii) lows as shown.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

After a pretty quiet day the market is turning lower again this evening.
There is a three wave pattern in place for wave ‘c’ at the moment,
but I can’t be sure if wave ‘d’ is underway yet.
I am looking for a three wave decline to begin soon in wave ‘d’.
and the recent low at 2378 as the initial target for wave ‘d’ to complete.

Monday;
The high at wave ‘a’ at 2477 must hold.
Wave ‘d’ should turn lower early next week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The rally into wave ‘A’ has come to a halt today with very little movement over the session.
There is a three wave pattern in place for wave ‘A’,
and wave [c] of ‘A’ shows a completed five wave rally this week.
Overall this action suggests wave ‘A’ is now done,
and wave ‘B’ should take over early next week.

Three waves down in wave ‘B’ will create a higher low below 75.00,
and from there wave ‘C’ should turn higher.
If this count goes to plan,
then it will take most of next week to complete wave ‘B’.

Monday;
WAtch for wave ‘B’ to trace out three waves down as shown.
Wave [a] of ‘B’ will fall back below the previous wave [a] high at 74.13 to get this pattern started.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The Market is getting very close to that wave (i) low today and I would really prefer if that level holds.
WAve (iv) has a completed internal pattern.
the high of wave ‘c’ tagged the upper channel line this evening,
but I want to see a sharp drop off this level into wave (v) very soon to keep the larger pattern on track.
It is a case of wait and see what Monday brings.
An early drop back below 5090 is what I want for wave (v) to be confirmed.

Monday;
Watch for wave (iv) to hold below the wave (i) level at 5390.
Wave ‘i’ of (v) must turn lower as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The rebound in wave ‘i’ pink is holding again today.
I am not sure there is a five wave pattern in place for wave ‘i’ yet.
So I am suggesting that wave ‘i’ needs another pop on Monday to complete.
The action today looks like a small fourth wave correction to be followed by a fifth wave rally to close out wave ‘i’.

this pattern must trace out a higher low above 26.44 next week.
And then wave ‘iii’ of (i) should push back above 30.00 again to confirm the overall pattern.

Monday;
Watch for wave ‘i’ and ‘ii’ of (i) to complete a bullish higher low as shown by midweek next week.