Good evening folks.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

It is unclear if wave (b) has traced out a triangle pattern today
or if wave (b) will extend into a larger pattern.
There is a triangle in place at todays highs,
but the action that has dropped out of the triangle is not impulsive at all yet.
The fact that support is holding at wave (iv) is also a concern.

Tomorrow;
If the price falls below 1.1753 in an impulsive move,
that will signal wave (c) of [a] is underway.

Watch for 1.1826 to hold.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has dropped again today and taken out the previous wave (iv) low at 1.3052.
This action rules out any further extension in wave ‘C’ red.
And now we can firmly concentrate on the downside again into wave ‘D’.

Three waves down are close to completion this evening,
and that is the minimum expectation for wave (a).
We should prepare for a possible correction higher now in wave (b) to begin.

Tomorrow;
Watch for wave ‘c’ of (a) to complete.
If the price continues lower tomorrow,
that will signal wave (a) is moving towards a five wave pattern.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Although the pattern in USDJPY is not ideal,
we are still within the realms of possibility for this main bullish wave count.

Todays action has completed a three wave correction into the lows of the session.
If the price turns higher again tomorrow and breaks above 106.55,
that will favor the bullish interpretation.

Tomorrow;
Watch for wave ‘ii’ to complete above 105.58 and turn higher again into wave ‘iii’.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I have updated the count this evening to show five waves down into Fridays lows.
Then a three wave correction up to wave (ii).
The price gapped lower this morning in wave ‘i’ of (iii).
The price has corrected higher off the wave ‘i’ low again this evening.
This is labelled wave ‘ii’ pink.
All of this points to a possible acceleration lower in wave ‘iii’ of (iii) over the coming few days.

If the price rallies again to break above 28350 again,
that will favor the alternate count that I spoke about in last nights video.

Tomorrow;
Watch for wave (iii) down to stay in force for the next few days at least.
A break of 27000 again will signal wave (iii) is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

This evenings spike higher off support has triggered the alternate count for wave [b] green.
This count calls for a triangle pattern to complete in wave [b],
And this rally is labelled wave (e) of [b].

Wave (e) must now trace out three waves up and hold below 1990 at the wave (c) high.
The price will hit the upper trend line off the high at about 1958.

Tomorrow;
watch for wave (e) to complete three waves up by tomorrow evening.
Then I will be looking for wave [c] to begin off that upper trend line.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude fell sharply today off a triangle correction over the last few days.
This action has completed a larger five waves down off the high to complete wave [i].
with an extension in wave (iii).

Although the sub-waves within wave (v) of [i] may not be complete just yet,
I do think it is time to look for a corrective rally in wave [ii] to begin soon.

Tomorrow;
Watch for wave [i] to complete.
a move back above 38.00 again will signal wave [ii] is underway.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P pushed into the 3320 support level today after a gap lower at the open.
This move can be interpreted as either the end of wave [i] down,
or the middle of wave ‘iii’ down.

That poses a problem for us because the alternate view will allow for a large rally off these lows,
but the main count calls for further declines in wave ‘iii’ of (iii).

I think the early trade tomorrow will provide clarity on this front,
as a further decline will signal wave (iii) is in force.

Tomorrow;
At the moment wave (ii) stands at 3455,
This level must hold for the main count to remain valid.

Watch for wave (iii) to pull prices lower again tomorrow.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The action in silver is proving hard to call these days as wave ‘2’ is getting more complex by the minute!

Todays session began with a spike lower and then closed out with a rally.
One interpretation of this action is a possible running flat in wave ‘2’ red.
Or wave ‘1’ only completed at todays lows and wave ‘2’ is now underway off that low.
either way I think wave ‘2’ will complete soon and then give way to further declines into wave ‘3’.

Tomorrow;
Watch for wave ‘3’ down to begin with a break of 26.00 again.