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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am going to follow two counts now on the hourly chart.
the main count is the same following a three wave pattern lower in wave ‘iv’ pink.
I am waiting for a top in wave ‘b’ to complete,
and then wave ‘c’ of ‘iv’ should fall again into the 1.0950 area.

the alternate count calls wave ‘iv’ complete at the 1.1026 low this week.
We have a five wave pattern off that level into todays highs,
and that can be viewed as the beginning of wave ‘v’ of (c) now.

tomorrow;
A break of 1.1026 will invalidate the alternate count.
So lets see if wave ‘c’ of ‘iv’ can drop back below that level to confirm the main count.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

cable has turned higher again today but the action is very tight and choppy looking.
This action still suggests we have a correction higher underway here,
so I am going to stick with the main count again.

Tomorrow;
Wave ‘iii’ of (i) is calling again,
I want to see a drop below 1.3085 to confirm this idea very soon.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I want to start on the 4hr chart tonight.
I am looking at another possibility for this correction in wave ‘B’ red today
after the price action has become more complicated this week.

On the 4hr chart I have shown a possible contracting triangle pattern for wave ‘B’.
Todays lows has happening in wave [b] of ‘B’.
and the triangle will continue in a tighter range next week as wave ‘B’ continues.

The hourly chart continues with the main count for an expanded flat wave ‘B’ correction.
The decline in wave (c) of [b] has hit the minimum target today by breaking the wave (a) lows.
So we should hit a final low in wave (c) of [b] soon and then turn higher again into wave [c] next week.

Tomorrow;
Watch for wave (c) of [b] to complete near 142.00.
Wave (i) of [c] should then turn higher early next week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another dip lower early in the session suggests that wave ‘i’ down complete today.
I am looking for a bounce in wave ‘ii’ to form that all important lower high as shown.
And then next week will open up an opportunity for wave ‘iii’ down to accelerate the decline and pull the market back below 40000 again.
An early decline tomorrow will suggest wave ‘iii’ is already underway.

Tomorrow;
Watch for wave ‘ii’ to correct higher in three waves to top out at about 41000.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I want to introduce a possible alternate count on the 4hr chart in gold tonight.
The fact that the market does not want to turn lower into wave (c) of [iv] could be an indication that something different is going on here.
So,
I am looking at a smaller wave [iv] green,
followed by a possible five wave pattern underway into this weeks highs.
If this alternate count is correct,
then wave (v) of [v] of ‘3’ is now in play here.
And wave (v) blue is correcting at the moment in wave ‘iv’ of (v).
Another run higher in wave ‘v’ pink will close out the larger pattern.

As for the main pattern on the hourly chart.
I am going to give this pattern anohter chance to prove itself.
I want to see a sharp decline begin tomorrow to confirm wave ‘i’ of (c) is in play here.
If that does not happen,
then I will follow the alternate count.

Tomorrow;
Watch for wave ‘i’ to regain the momentum by turning lower towards 2430 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is taking a serious beating these days,
I can’t be surprised given the overall wave count that I am working with,
but I gotta say that closing below $70 again is quite the shock to the market.
There may even be the sound of gritting teeth heard over in Saudi this week!

I am counting this decline as wave ‘1’ of (3).
and I think we have a five wave pattern done to complete that wave.
I will wait for next week to look for wave ‘2’ to begin.
A break back above 72.00 again will probably be enough to confirm wave [a] of ‘2’.

Tomorrow;
Watch for wave ‘1’ to form a low very soon.
If the price closes back above 70 tomorrow evening that will signal wave [a] of ‘2’ will come in early next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is stuck in a corrective mode today with a choppy sideways move in play all day.
I am still counting wave ‘ii’ as the main possibility here.
The action today fits a possible expanded flat correction here.
Wave ‘c’ of ‘ii’ will complete the pattern back above wave ‘a’ tomorrow evening if this count is correct.

Tomorrow;
Watch for wave ‘ii’ to complete an expanded flat correction in the area of 5580.
If the market drops sharply tomorrow,
that will signal wave ‘iii’ of (i) is underway.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The rally today suggests wave ‘i’ of (iii) is now in play.
Wave ‘i’ has not traced out five waves up yet,
I am looking for another pop back into 29.50 or so to complete wave ‘i’,
and then we should see a correction lower to form a higher low early next week.
If this count holds,
then that higher low will form a very interesting long opportunity next week.

Tomorrow;
Watch for wave ‘i’ to complete five waves up near 29.50 as shown.