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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has done nothing for the last few days which is a little frustrating.
Although the count is still a good fit for the action here,
I am beginning to lose confidence in the overall pattern for wave [b].
We will see how it goes.
But I want to see a return lower into wave ‘c’ by midweek in order to stay following this triangle count for wave [b].

Tomorrow;
watch for wave ‘b’ to complete three waves up as shown near the 1.0970 handle.
The price must then turn lower in five waves towards the 1.0800 level again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am beginning to think that wave (ii) is a running flat correction rather than an expanded flat that I was suggesting.
The price has failed to reach the top of wave ‘a’ pink for three days now,
and this evening we see a drop off the session high to end the day.

If wave ‘c’ and wave (ii) are now complete,
then we will see a clear acceleration lower into wave (iii) this week.
I suspect wave ‘i’ of (iii) will break the wave ‘b’ lows at 1.2665 again,
and from there I can chart a path lower.

Tomorrow;
Lets see if the high at 1.2793 will hold at wave (ii).
Wave ‘i’ of (iii) should fall and break 1.2665.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is stuck in a rut also today with very little action to actually report on.
I can stick with the main count here for another day to see if the price will rally into wave (c).
A five wave rally towards 152.00 is the suggested target for wave (c) of [a].
And from there I will look lower again into wave [b] later this week.

Tomorrow;
Watch for wave (b) to hold at 145.43.
Wave (c) will then trace out five waves up as shown.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is in sleep mode tonight also, so I am afraid that tonight’s update will be a major letdown in terms of potentials.
The market is basically dead in the water.

The price is off the highs of wave ‘c’ this evening so that is welcome.
But there is no sign of an impulsive move into wave (v) of [i] yet.
And that is a little disappointing!

The lack of action does not mean the count is a failure though.
We have a solid three wave pattern higher in a channel which screams ‘correction higher’.
and for the moment the market has failed to break above the wave (i) level at 39800.

Add these points together and I can call the current top a correction in wave (iv) of [i].
Wave (v) is next to drop.

Tomorrow;
Watch for wave (v) to drop back below the wave (iii) lows at 38400 to complete five waves down in wave [i] green.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The rally today has invalidated the triangle count for wave (b) of [iv].
I am now reverting to the previous three wave correction in wave (b).
The rally into this evenings highs is wave ‘c’ of (b) of [iv].
And wave (c) of of [iv] should turn lower again over the coming days.
the main target area for wave [iv] remains the same at about 2340 or there about.

Tomorrow;
Watch for wave (b) to top out a three wave rally at the channel and then turn lower again into wave (c) of [iv].

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The rally in crude has been pretty vigorous over the last few sessions and I think this count now deserves a rethink.
The rally off that wave (1) low has almost hit 62% at this highs this evening,
and given that level was the overall target for wave (2),
I am now suggesting that wave (2) is close to complete here.

If this count is correct,
then we should see a reversal off that wave (2) high in an impulsive manner to begin wave ‘1’ of (3) over the coming days.

Tomorrow;
Watch for wave ‘C’ of (2) to top out and reverse.
I think a drop back below 74.13 again will signal wave ‘1’ of (3) is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is still close to that invalidation line at the wave (i) low this evening,
and just like the wave count in the Dow,
I am glad but not overly confident either!

A break above that wave (i) ow will not rule out the bearish option,
but it will change the nature of the count for sure.
We will cross that bridge if we come to it.
At this point I favor a clean five wave decline in wave [i] as shown,
rather than complicating matters.

Tomorrow;
Watch for wave (i) to hold at 5391.
Wave (iv) must top now and then wave (v) should fall in a clear five waves to break 5090 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at a possible five wave rally now complete in wave ‘i’ of (i).
the price should firm a higher low in wave ‘ii’ over the coming days as shown.
If that happens I will be much happier with this wave count overall.
And then I can look higher into wave ‘iii’ again.

Tomorrow;
for the moment this count is on track in wave (i) blue,
lets see if a higher low can form in wave ‘ii’.