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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

There is a chance that todays lower high actually completed wave ‘2’ as a running flat.
If this is correct,
then wave ‘2’ must hold at 1.0840,
and wave ‘3’ of ‘iii’ should turn lower again early on Monday and the price should break 1.07 by Monday evening.
The high at wave ‘ii’ is the invalidation level for this wave count at 1.0931.

Monday;
Watch for wave ‘iii’ down to continue lower in five waves towards the lower target area t 1.0600 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

It is possible that we are looking at an ending diagonal for wave (v) of [i] here.
The price action has created an overlap of the wave ‘i’ low today,
and for that reason I am considering this new pattern.

I still expect wave ‘v’ of (v) to make a new low on Monday near 1.2500 again.
The we will have a completed pattern and I will begin to look higher into wave [ii].

Monday;
Watch for wave (v) of [i] to complete by Monday evening.
Wave [ii] should break back above 1.2800 again in three waves over the coming week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY pipped to a new high above the wave ‘3’ of ‘iii’ high at 146.58.
But this evening the price is holding just below that level.
I am still expecting a little more upside in wave ‘5’ of ‘iii’ to be honest.
even though the price has technically done enough to satisfy a top for wave ‘5’.
I think it is worth giving wave ‘iii’ some more time to develops here.

Tomorrow;
Watch for wave ‘4’ to hold at 144.56.
Wave ‘5’ is then expected to trace out a larger five wave pattern over the coming days.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Todays action has done enough to satisfy a fifth wave low in wave ‘v’ of (i),
but I am leaving the door open for another extension lower early next week in wave ‘v’ as you can see.
This is the main wave count now to complete wave (i).

The alternate count is shown for wave (i) and (ii).
In this scenario wave (i) completed at the session low,
and wave ‘a’ of (ii) is now underway with the bounce into the high this evening.

I can’t rule this alternate count out at all,
but if the market does fall to challenge the 34000 level again on Monday that will confirm the main wave count.

Monday;
Watch for wave ‘3’ of v) of (i) to turn lower to break 34000 and confirm the extended pattern idea.
A break of the wave ‘iv’ high will confirm wave (ii) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is again holding pretty flat today and I have not changed my view here because of that.
The price hit the wave ‘a’ high at 1904 today and then bounced higher again,
so it still seems like wave ‘c’ of (ii) can make a run up to 1935 to complete the correction at the 50% retracement level.
If the price fall back below 1900 again on Monday,
that will convince me that wave (ii) is complete and wave ‘i’ of (iii) is underway.

Tomorrow;
Watch for wave ‘c’ to complete and then reverse lower again into wave ‘i’ of (iii).
A break of 1884 again will signal wave (iii) is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Todays action does fit with the main count but I gotta admit that I am not jumping with excitement here!
This market could still go either way here,
The action in general this week was quite corrective looking so I can’t rule out the bearish alternate count at all yet.
The only thing that will do that is if we push higher on Monday to break 81.67 again.

Tomorrow;
Watch for wave (iv) to hold at 77.60 and wave ‘iii’ of (v) to push higher to break 81.67.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is holding in the range for the week today and I am caught between both wave counts this evening.
I want to see a sharp move lower to break the wave (i) low at 4335 and confirm wave (iii) is underway.
But the fact that we have not seen that yet is leaving the door open for that alternate wave (ii).

Monday;
Maybe I’m a bit impatient here,
but I want to see wave ‘iii’ of (iii) should make rapid progress lower and hit the 4200 level over the next 2 sessions ideally.
The high at wave (ii) must hold at 4473.
A break of that level will trigger the alternate count.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is holding at the highs of the week tonight but we should be very close to completing wave ‘c’ of (ii) now.
The price has created a small spike lower off the session high,
and I am looking for wave ‘i’ of (iii) to come in early next week with a sharp decline to break 22.99 to confirm the idea that wave (iii) is underway.
We are at a very important point in the wave count now,
so wave (iii) does need to start pretty quickly to confirm this main count.

Monday;
Watch for wave (ii) to hold at todays highs.
Wave ‘i’ of (iii) must turn lower and break 22.99 again to confirm wave (iii).