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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

well its been a quiet week so far in EURUSD,
and the progress into wave ‘iv’ is slow to say the least.

I am suggesting that wave ‘b’ of ‘iv’ is in play today again.
We have a sideways move overall this week,
so it fits with the corrective wave ‘b’ idea.
Wave ‘c’ should turn lower again by tomorrow evening if this count is correct.

Tomorrow;
Watch for a drop back below 1.1026 to confirm wave ‘c’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is still stuck in limbo today as the action continues to be a little hard to read.
I am suggesting a wave ‘ii’ lower high in play at the session high.
This count requires a drop back into wave ‘iii’ beginning tomorrow.
A break below the wave ‘i’ low at 1.3085 again will signal wave ‘iii’ is underway.

Tomorrow;
Watch for wave ‘ii’ to hold below the high at 1.3266.
Wave ‘iii’ down should continue lower as shown.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Todays action has invalidated the count for wave [c] of ‘B’.
Now we are back to tracking wave [b] again.
And the drop today is labelled as wave (c) of [b].
Wave [b] will likely break to a new low in the pattern if the trend channel is hit at wave (c) of [b].
So this larger wave ‘B’ pattern is viewed as an expanded flat correction now.

Tomorrow;
Watch for wave (c) of [b] to drop into the support at 141.69 to complete three waves down.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

You could call this another experimental count tracking a possible impulsive move lower in waves ‘i’ and ‘ii’.
It will be easy to prove this count wrong before the end of the week if the market rallies back to the highs again.

The market has bounced today to create a lower high scenario.
I am calling this wave ‘ii’ of (i).
And a follow through to the downside will be wave ‘iii’.

Tomorrow;
Lets see if the market can hold below the highs.
Wave ‘iii’ down should fall back into the 40000 handle again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is tracing out a corrective sideways move today and this is labelled wave ‘2’ of ‘i’ this evening.
the price must drop again tomorrow into wave ‘3’ of ‘i’.
and five waves down in wave ‘i’ pink should fall into support at 2430 by the end of this week if all goes well here.

Wave (c) of [iv] down will take time to develop,
So the corrective action in gold will probably complete by the end of the month near the 2300 level again.

Tomorrow;
watch for wave ‘i’ pink to continue lower in five waves for the rest of the week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Wave ‘1’ blue is completing quicker than expected now.
the price dropped to a new low for the pattern today.
And it seems we have a five wave decline now in place for the larger pattern in wave ‘1’ blue.
We should see a bounce into wave ‘2’ blue begin this week.
and if we see a break above 70.00 again that will signal wave [a] of ‘2’ in underway.

Tomorrow;
Watch for wave [v] of ‘1’ to close out soon.
A rally above 70.00 will signal wave ‘2’ has begun.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has bounced off the early lows today but the action looks corrective at the moment.
If wave ‘i’ is now in place,
then wave ‘ii’ should create a lower high as suggested.
I am allowing for a larger retracement in wave ‘ii’,
but that is simply out of courtesy rather than desire!

Wave (i) blue has a lot of work to do in order to prove this wave count,
so the sooner wave ‘iii’ drops off again the better.
I want to see wave ‘iii’ of (i) fall back to the 5400.
and wave (i) should complete below that level again.

Tomorrow;
Watch for wave ‘ii’ to complete a lower high and wave ‘iii’ down to accelerate lower again before the end of this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is holding above the recent lows at wave (ii) again today.
So far the action has traced out three waves up,
and wave ‘i’ requires a larger five wave move to break back above 29.00 at the minimum.

If this pattern in wave (i) and (ii) is correct,
then we are in a perfect area to reverse higher into wave (iii) now.
Wave (ii) has completed three waves down,
the 62% retracement is hit,
and now wave (iii) is calling.

tomorrow;
Watch for wave ‘i’ of (iii) to rally back above 29.00 in five waves.