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 is holding near the lows of the week this evening,
but that wave ‘i’ low has not broken yet.
The price has only traced out three waves down off the wave ‘ii’ high so far.
This fact raises a little doubt over the short term count now.
So,
I want the next leg down into wave ‘iii’ to develops quickly now in order to confirm this wave count.
That means an immediate drop on Monday to confirm wave ‘iii’.

Monday;
Watch for wave ‘iii’ to continue lower and break 1.0913 to confirm the pattern.
Wave ‘ii’ must hold at 1.1064.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has been pretty quiet today but the wave count remains the same nonetheless.
the price has formed a lower high below the wave (iv) top at 1.2818.
I have labelled this as wave ‘ii’ of (v).
And in this scenario,
wave ‘iii’ of (v) must continue lower to break 1.2620 at a minimum to confirm the pattern.
I would like to see wave (v) complete with a break of 1.2588,
and then later next week wave [ii] can begin.

Monday;
Watch for wave (v) to continue lower in a five wave pattern as shown and break the low at 1.2588.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is on the verge of breaking to a new high above 145.07 all day,
but that has not happened yet.
It is like the market is afraid of that level for some reason.
If the price is actually moving higher in wave ‘3’ of ‘iii’,
then we should see an acceleration on Monday to confirm that pattern.

Monday;
Watch for the low at wave ‘ii’ to hold at 141.52.
That level must not break if this pattern is correct.
Wave ‘iii’ must continue higher as suggested.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The bearish pattern in the Dow is still in play today.
The price has created a lower high in wave ‘2’ now,
and now I can look lower again into wave ‘3’ of ‘iii’ next week.

The next leg down should fall sharply and break below the wave ‘i’ low at 35030 and continue lower.
I am suggesting a low for wave ‘3’ of ‘iii’ at about 34700.
And the larger wave ‘iii’ should fall below 34500,
this is the area of the next set of support levels.

Monday;
Watch for wave ‘2’ to hold that lower high.
Wave ‘3’ of ‘iii’ should then continue down towards the 346700 area if this pattern is correct.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The pattern for wave (i) remains intact for gold today,
and the price is sitting at the lows of the week this evening.
I am expecting the price to rise next week in wave (ii) as shown.
But I will freely admit,
I would prefer to see a break below 1892 again to complete wave (i).
If that happens,
then I would be much more confident in the overall pattern.

Monday;
watch for wave (i) to complete and then turn higher in a corrective manner in wave (ii).
Wave (ii) will take up much of next weeks trade.
And I want wave (ii) to complete near 1946 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The expanded flat pattern for wave (iv) is still the best fit pattern for this weeks action.
The price has topped out in wave ‘b’ as a clear three wave rally.
Wave ‘c’ is now underway with that initial drop off the wave ‘b’ high in place.
I have labelled the decline into wave ‘c’ tonight.
And the initial target for wave ‘c’ lies at the wave ‘a’ low of 78.50 again.

Monday;
Watch for wave ‘c’ to continue lower in five waves as shown,
Wave ‘b’ must hold at 84.33.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is holding at the wave ‘i’ lows again tonight and that gives us a basically flat week in the market.
The choppy action this week fits the corrective wave ‘ii’ label.
And if this count is correct,
then we should see a five wave decline in wave ‘3’ of ‘iii’ over the coming few sessions as shown.
I am looking towards that wave (iv) low at 4327 to complete this next leg down.

The market is working on a small lower high in wave ‘2’ of ‘iii’ this evening.
And I want to see this correction in wave ‘2’ hold below 4525.
Wave ‘3’ of ‘iii’ is due next week if this pattern is correct.
Wave ‘3’ must start early and fall into a low near 4377 at the initial support.

Monday;
Watch for wave ‘ii’ to hold at 4525.
Wave ‘iii’ must continue lower in a five wave pattern as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has not bounced into wave ‘iv’ yet,
The action is still very corrective looking at the moment.
I have shown todays low as the final low for wave ‘5’ of ‘iii’,
But you could also make an argument that wave ‘iv’ is underway with that corrective action being the start of a larger move.
I do still believe we will see another correction higher towards 23.50 in wave ‘iv’ next week.
We will see soon enough.

It is interesting how the price has managed to hold above the support at wave ‘b’ for the last few days.
I think this level will be broken anyway when wave ‘v’ comes in later next week.

Monday;
Watch for wave ‘iii’ to complete and wave ‘iv’ to turn higher in a correction.
A break above 23.00 again should signal that wave ‘iv’ is underway.