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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has traced out three waves up in a corrective pattern at todays high.
Wave ‘c’ hit the target at the wave ‘a’ high, it the peaked and reversed this evening.
The high of the session did not quite reach the 50% retracement of wave ‘i’,
but its close enough to consider wave ‘ii’ complete now.

Tomorrow;
The initial decline off the high is a possible start to wave ‘iii’ down.
Watch for the price to break below 1.0914 again to signal wave ‘iii’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The action in cable seems to suggest that wave (iv) is now compelte at the session high.
The internal pattern of wave (iv) is labelled differently now,
with wave ‘b’ of (iv) tracing out a triangle pattern.
Wave ‘c’ rallied to a new high today and completed below the wave (i) low also.
This action fit all the criteria for the larger pattern to remain in five waves.
And now this evening we have another turn lower into wave (v) of [i].

Tomorrow;
The pattern is going well but nothing is confirmed until we see a break below 1.2620 at wave (iii).
Wave (v) should complete five waves down and break that level at a minimum.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is moving higher again today after a very small correction overnight.
I have labelled the action as wave ‘1’ and ‘2’ complete.
if this is correct,
then we will see another rally in wave ‘3’ of ‘iii’ starting soon.
That rally should push back towards 147.00 again if I am correct here.

Tomorrow;
Watch for the wave ‘i’ high to hold at 143.87 as wave ‘3’ of ‘iii’ continues higher.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The action here in the Dow has really stumped me over the last week at least.
It seems every day there is a new interpretation that fits the pattern.
And today is another one of those days.
The market is wild as ever,
with multiple swings either way.
the price almost broke out to a new high at the session high.
But then a real smack down came to wipe out all the gains.

It is simply wild out there!

There is a possible count that explains this action though.
It involves a large wave ‘ii’ correction complete at todays highs.
And the internal wave ‘b’ of ‘ii’ traced out a triangle pattern over the last week.

This triangle actually explains the wild whipsaw action quite well.
But if this pattern is correct,
then we must see further downside over the coming week in wave ‘iii’ of (i).

Tomorrow;
WAtch for wave ‘1’ and ‘2’ of ‘iii’ to complete a lower high as suggested.
Wave ‘3’ of ‘iii’ should turn lower in a big way next week to confirm the pattern for wave (i). down.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold got caught up in the swing game also today but the rally was wiped out pretty quickly.
The price has not broken below 1892 yet to confirm the larger pattern.
But gold is lower on the week and the bearish pattern is holding at least.
I am looking for wave (i) blue to make a final low quite soon,
and then a correction higher in wave (ii) should come next week.

Tomorrow;
Watch for wave ‘v’ of (i) to find a low near the support at 1902.
Wave (ii) should the turn higher towards 1950 in three waves next week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am taking another shot at this pattern in crude tonight,
and after staring at this action for a while today I think we have a three wave rally to a new high this week.
The pattern fits an expanded flat correction quite well now.
Todays high is labelled as wave ‘b’ of (iv).
The decline today is labelled as the start of wave ‘c’ of (iv) and that should fall into 78.50 again over the coming few days.

Tomorrow;
Watch for wave ‘c’ to continue lower in a five wave pattern over the coming few days.
The wave ‘b’ high should hold again as this pattern develops.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is making a new low for the week tonight and we may even have a ‘i’ ‘ii’ pattern complete at todays high.
The rally today was wiped out pretty quickly,
and the pattern completed as an expanded flat correction in wave ‘ii’.
If this pattern is correct,
then the decline off wave ‘ii’ has begun wave ‘iii’ of (i) down.
Wave ‘iii’ down should fall into support at about 4330 again if all goes well.

Tomorrow;
Watch for wave ‘ii’ to hold at todays highs.
Wave ‘iii’ down should continue lower into the next support at 4377 with ease.
Lets see how this pattern develops.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is holding above the wave ‘b’ support at 22.50 again today and I think this action is suggesting that a low in wave ‘iii’ is now complete.
Wave ‘iv’ should head higher in three waves from here.
And I am looking for wave ‘iv’ to complete below 23.78 as shown.
Wave (i) down will complete next week if all goes well,
then we will have a confirmation of the larger pattern in wave [c],
and I will look for a correction higher into wave (ii) at that point.

Tomorrow;
Watch for wave ‘iii’ to hold and for wave ‘iv’ to start moving higher in a corrective manner.