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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Forgive me, I think I posted the wrong EURUSD chart last night and I have only just realized it!

EURUSD has turned lower today off a possible top in wave ‘iii’ of (c) of [b].
this should begin a correction in wave ‘iv’ pink.
Wave ‘iv’ should trace out three waves down and complete above the wave ‘i’ high at `1.0916.
A break of that level will signal wave (c) is already complete.

Tomorrow;
Watch for wave ‘iv’ to trace out three waves down over the next few days.
this correction must complete above 1.0916.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has come very close to invalidating the wave ‘2’ count today but the price backed off this evening.
The previous high at 1.3141 must hold for the count to remain valid.
so the wave count is at a critical stage here.

I want to take a look at a possible alternate count for wave ‘2’ today.
this is shown on the large chart.
You can see a possible three wave rally into wave [c] of ‘2’.
And the current high is labelled wave (c) of [c].
This can only work as part of a triple combination correction in wave ‘2’.
but it is a real option as long as the invalidation level holds at 1.3141.

Tomorrow;
It is critical now that we see a reversal off the top of wave ‘2’.
If that invalidation level breaks,
then its back to the drawing board.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has given us another opportunity to begin a rally into wave [c] of ‘B’ today.
The rally today has not broken above any previous resistance highs of the recent decline.
So there is little to go on here yet.
But the price has pushed back off the wave [b] lows and that does bring the opportunity to build a higher low and begin wave [c].

Tomorrow;
Watch for wave (i) and (ii) to form a higher low above 144.43.
A break of 147.50 again will give the wave [c] rally a boost.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has shied away from breaking out if the bearish count again today.
And I will take that as a stay of execution at least.

If we have a three wave correction complete in wave (ii),
then this decline must continue tomorrow to begin wave (iii) down.
So it is going to be very easy for the market to prove this count wrong again tomorrow.
Wave ‘i’ of (iii) should retrace into the wave ‘b’ lows at 39200.
And if we break that level,
then I think the main count is back on track again.

I realize that is a whole lot of ‘if’s!
So Its a case of wait and see if the narrative will be cast out in favor of the bearish reality.

Tomorrow;
Watch for wave (ii) to hold below 41200.
Wave ‘i’ of (iii) must continue lower as shown.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

May I just state the obvious here.
Gold is rising along with risk assets as in lock step with them.
It is not a hedge to risk,
or inflation,
it is now treated as another moving price to be traded in the market along with everything else.
I have seen headlines lately along the lines of – ‘gold knows something the market doesn’t’ etc.

Gold does not ‘know’ anything.
It is a rising in an uptrend so the world jumps on board!

Lets see how the pattern is working.

The price took a step lower off the highs today and I am looking at the possibility of a five wave pattern building into wave ‘i’ of (c).
I would like to see the price fall into 2432 in wave ‘i’.
And then I will look for a lower high in wave ‘ii’.
This is still early days here,
but the possibility of a decline into wave (c) is now in play here.

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to create a lower high over the coming days to begin wave (c) down.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude bounced off the lows of wave ‘1’ today and I am looking at a reversal into wave ‘2’ now underway.

Wave [a] should trace out three waves up in the coming days.
And that should top out near 75.00 again.
Wave [b] green will have to wait until next week in this scenario.

Tomorrow;
Watch for waves (a) and (b) in blue to hold above 71.40 at the recent lows.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has rejected the highs today so I will take that as a possible!
I can’t prove anything with the action today,
but I can say that the count I am working with here is still possible.

AS I mentioned earlier,
The market must continue lower over the coming days to tip the balance back in favor of this bearish count.

Tomorrow;
Watch for wave [ii] to hold at that lower high.
Wave (i) of [iii] must head lower from here in five waves.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have moved the wave count up by one degree today to account for the larger correction underway.
Wave ‘iv’ of (i) is in play here.
And I am showing todays decline as wave ‘c’ of ‘iv’.
The pattern still calls for a rally into wave ‘v’ to begin soon,
But lets see how wave ‘iv’ completes tomorrow.

Tomorrow;
Wave ‘iv’ must hold above 28.04 at the wave ‘i’ high.
A break of that level will force me to rethink the larger wave count in wave (i) blue.

Wave ‘v’ will be confirmed with a rally back above 29.98 again.