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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is still holding below that wave ‘iii’ high today.
The decline looks corrective so far.
I am looking at a possible three wave pattern into wave ‘a’ of ‘iv’ today.
I can’t prove this yet,
but lets see how the trade goes tomorrow.
If that wave ‘iii’ high holds again and the price steps lower again that will favor the wave ‘iv’ idea.

Tomorrow;
Lets see if that wave ‘iii’ high can hold out at 1.1202.
Watch for wave ‘iv’ to continue lower in three waves overall this week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

On the 4hr chart you can see that cable has created a sizable throw over above the upper trend channel line now,
and the rally is looking very stretched in terms of momentum into this high.
I can’t prove this count yet until I get the reversal that confirms the pattern.
But the indications are in favor of a reversal at the moment.

Tomorrow;
Watch for wave (v) to top out and then the price should drop back below the upper trend line to begin wave (i) of [c].

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am going to call this a ‘weak possible’ bullish higher low here.
The overnight trade will prove this wrong quite easily of course.
But the price is holding above wave [b] again today,
and in general this pair looks quite oversold.
So I will wait for the turn into wave (i) of [c] again tomorrow.

Tomorrow;
Watch for wave (i) to continue higher to confirm this pattern in wave [c] of ‘B’.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another variation on the theme here tonight.
the price is holding at the highs today in a small correction so there is a good chance that wave (v) of [v] will step higher again.
Wave (iii) of [v] is shown as an extended pattern.
Wave (iv) should correct lower into 40500 in three waves,
and then wave (v) of [v] can turn back higher again as shown.

The action this week so far has been sideways to nowhere,
and with that,
the market has not revealed anything further to flesh out the wave count.
So its wait and see time again.

Tomorrow;
WAtch for wave (iv) blue to fall in three waves over the rest of this week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave ‘c’ of (b) is very close to hitting the final high for the pattern this evening.
The market dropped in a corrective pattern on Monday,
and now the price is climbing back to the highs again in wave ‘5’ of ‘c’.

Gold has been climbing this whole year and now we stand at all time highs,
the action this summer has been very choppy indeed,
and that may be a function of the the summer doldrums,
but it may also be a function of an exhausted rally.

Wave (c) of [iv] should shake up the market a little and then we can get back to a healthy base near 2200 again when the correction is over.
The time is coming.

Tomorrow;
watch for wave ‘c’ of (b) to top out in the next few sessions,
then we should see a drop back to begin wave ‘i’ of (c).

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

That was a sharp drop off today and it has the potential to change the wave count again if the decline continues tomorrow,
but for the moment,
I can call this drop wave [iv] of ‘C’.
the price must hold above the wave [i] high at 73.46 in this scenario.
And if all goes to plan,
wave [v] should now turn higher to break the wave ‘A’ high at 78.95 to complete the larger correction in wave (2).

Tomorrow;
Watch for wave [v] of ‘C’ to continue the pattern higher to complete three waves up in wave (2) later this week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is failing again today.
It is hard to reconcile how close the market is to a new high,
and the pattern that I am using to describe the action.
I am flirting with disaster again today,
and in some ways it would be easier for the price to break to a new high so I can begin again!

but here I am,
the price has not broken to a new high,
and the wave [ii] possibility remains.

Tomorrow;
Wave (i) of [iii] has not materialized yet,
a break of 5300 is the target.
Lets see if that can happen.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is holding at the highs of wave ‘iii’ tonight after failing to break out today.
I am allowing for wave ‘v’ to push towards the upper trend channel again before calling this wave (i) rally done.
The action is looking a bit tired to be honest,
so wave (ii) may begin soon than I thought.

Tomorrow;
Watch for wave ‘v’ of (i) to top out near 31.00 and then wave (ii) should begin.
A break of 28.77 will signal wave (ii) is underway.