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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I keep having to make excuses for EURUSD this week and it is getting tiring to be honest!
The bubble continues in wave [b].
And this rally in wave (c) of [b] is now tracing out a standard five wave internal pattern.
this is the new wave count tonight.
If this is correct,
I suspect it is,
then we will see another step higher in waves ‘iv’ and ‘v’ into that upper trend channel line near 1.1400.

Tomorrow;
The extended rally this week is viewed as wave ‘iii’ of (c).
Wave ‘iii’ should top out and then correct lower into wave ‘iv’ before the end of this week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

cable has now reached into the upper trend channel line at the highs today.
The overall pattern in wave [c] green is a five wave ending diagonal pattern.
Wave (v) of [c] is tracing out a three wave pattern in a tight channel,
with a throw over already in place at this high.
So this pattern is quite extended here also.

Tomorrow;
Watch for wave (v) to top out and complete wave [c] of ‘2’ this week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is proving just as complicated as the rest of them this week!

Wave [b] has now retraced back below the 50% level of wave [a] after another step lower today.
The pattern in wave (c) of [b] is not ideal as there is a large difference in the relative size of wave ‘ii’ and wave ‘iv’.
The 62% retracement level of wave [a] lies at 144.06.
If we see a bounce off that level that will signal wave [c] has begun.

tomorrow;
Watch for wave ‘v’ of (c) to bottom out and complete wave [b] this week.
I will try again for a rally into wave [c] next week!

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Lies damn lies and statistics!

What we learned today,
is what we all suspected I’m sure,
it turns out that employment data is just one big scam designed to back up the ruling party narrative.
Why am I not surprised.

The market is not acting or reacting to that scam today though.
The price is holding below the wave [ii] high again,
and with that the main count remains a possibility.
How low you rate the probability of this count is your own business.
But as long as this is a possibility,
it will remain my favored.

Tomorrow;
Watch for wave [ii] to hold.
Wave ‘i’ has another chance to begin a turn back below 39000 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding below the high at 2532 today with a possible turn into wave (c) finally beginning.
I want to see a drop below 2432 at the wave ‘4’ low to confirm this idea,
but the pattern looks favorable to a reversal now after a long rally up in wave (b).
A follow through to the downside tomorrow that breaks the wave ‘a’ high will add weight to the idea of a turn.

Tomorrow;
Watch for a drop below 2477 to signal wave ‘i’ is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil is the only market that seems to have taken in the reality of the economic situation as revealed in the employment revisions.
Demand is dying here,
and so crude took a knock!

I am surprised by how far wave ‘1’ has actually dropped this week.
The decline in wave ‘1’ has almost retraced the whole rally in wave (2).

I do expect a rally to come into wave ‘2’ of (3) son,
but the market is finding it hard to turn higher this week.

Tomorrow;
Watch for an initial spike higher to begin wave [a] of ‘2’ as shown.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is just about holding the lower high below the all time high this evening.
It would be a good sign to see a reversal before the end of this week.
WE will see.
The wave (a) high is all the way down at 5313 which is a big ask,
but not impossible.
A true wave (i) of [iii] will easily achieve that sort of impulsive drop.
It will be very easy for this market to invalidate this wave count,
so if it fails to achieve a new high,
that will seriously favor my count.

Tomorrow;
Watch for wave ‘i’ of (i) to drop back below 5313.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

we have three waves down in wave ‘4’ of ‘iii’ today and the price has bounced off the session low.
I am suggesting that wave ‘iii’ has one more pop to complete its internal pattern.
And then wave ‘iv’ pink can begin.

If the price continues lower again tomorrow that action will suggest wave ‘iv’ is already underway now.
and in that scenario,
wave ‘iv’ must hold above the wave ‘i’ high at 28.04.

Tomorrow;
watch for wave ‘5’ of ‘iii’ to complete and then a correction into wave ‘iv’ should begin.