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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I have changed the wave count tonight just a little.
We actually have an extension in wave ‘3’ of ‘c’ rather than the short wave ‘3’ idea that I showed last night.
The action over the last few sessions has traced out a three wave sideways correction in wave ‘4’ at todays high.
And now the decline this evening is viewed as wave ‘5’ of ‘c’ of (iii).

In this scenario there is the possibility of some more downside on the way in wave ‘5’ of ‘c’ to complete wave (iii).

Monday;
Wave ‘5’ of ‘c’ should hit a new low near 1.0650 again.
And at that point I will look higher into wave (iv) later next week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Its a very similar count in cable tonight also.
The action over the last few session has completed a sideways correction in wave ‘4’ of ‘iii’.
and now wave ‘5’ should fall to a new low below wave ‘3’ at 1.2445.
Once wave ‘iii’ finds a low early next week,
then wave ‘iv’ will most likely range sideways for a few sessions as shown.
The larger wave (v) blue could be complete by the end of next week if all goes to plan here.
One step at a time though.

Tomorrow;
Watch for wave ‘5’ down to complete the larger wave ‘iii’ below 1.2445.
WAve ‘iv’ will turn higher then with an initial target above 1.25,
but wave ‘iv’ must hold below the wave ‘i’ level at 1.2547.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The corrective pattern in USDJPY has held up well and it looks like wave ‘4’ completed at todays lows at 146.59.
The price has turned higher again this evening and I am suggesting that wave ‘5’ is now underway.
Wave ‘5’ of ‘v’ has a target at the upper trend channel line at 149.00 again,
and once that completes,
then we can look lower into wave (iv) later next week.

Monday;
Watch for wave ‘4’ to hold at 146.59.
WAve ‘5’ of ‘v’ should continue higher to close out that channel near 149.00 again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Wave ‘4’ of ‘i’ has chopped its way to a slightly higher top this evening.
The market is basically flat on the day overall,
but the action itself is very corrective looking in my opinion.
So I am sticking with the idea that the pattern in wave ‘i’ requires one more step lower to complete.
Wave ‘5’ of ‘i’ should break the wave ‘3’ low at 34285 at a minimum.
That will be enough to complete wave ‘i’ down and then I can look for a correction higher to begin in wave ‘ii’ of (iii).

There is an obvious alternate count for wave (ii) after this weeks action.
The price has only created three waves down into this weeks low,
this could be a higher low forming in wave ‘b’ of (ii).
And in that alternate count wave ‘c’ will run higher to complete the larger wave (ii) late next week.

This alternate count does not change the overall bias of the pattern.
But it will extend the wait until wave (iii) begins.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold also pushed the highs of wave ‘4’ earlier today but the price has completely reversed todays rally again.
I have labelled todays high as wave ‘4’ of ‘i’ complete.
and now wave ‘5’ of ‘i’ should fall to a new low.
I would prefer to see a low near the 1900 level to complete wave ‘i’.
But the minimum target for wave ‘5’ of ‘i’ lies at 1914 again.

Monday;
Watch for wave ‘5’ of ‘i’ to turn down again and make a new low below wave ‘3’ by Monday evening.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The price has held up quite well this week with a range around the 86.50 level all week.
I am thinking now that the best fit pattern for wave (iv) is a contracting triangle after todays action.
The high of the session today fell short of the weave ‘b’ high.
So that completes wave ‘d’ of the triangle.
Wave ‘e’ of (iv) should fall again into the 86.00 level to complete this pattern correctly.

Wave (v) will have to wait for another few days to get going again but I do think we will see the top in wave (v) before the end of next week.

Monday;
Watch for wave (iv) to complete a contraction triangle near the 86.00 handle by Monday evening.
The price should then turn higher into wave (v).

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has reversed today off a possible top in wave ‘4’ again.
the pattern into todays high is in three waves overall.
And it is interesting that the high of the session today matched the previous wave ‘a’ high.
So I think the main pattern for wave ‘i’ is still in play here.
The market should turn lower into wave ‘5’ of ‘i’ early next week.
The minimum target for wave ‘5’ of ‘i’ lies at 4428.
but Like I said before,
the lower the price goes in wave ‘i’ the better it is for this bearish wave count.

Monday;
Watch for wave ‘4’ to hold at 4474.
Wave ‘5’ should now fall back below 4428 at a minimum.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is holding at the lows of the week again this evening.
the price did attempt to rally into wave ‘ii’ early this morning but that effort has failed so far.
I still expect wave ‘ii’ to complete three waves up next week,
but I can’t guarantee that wave ‘ii’ is underway yet!

The pattern in wave ‘i’ pink actually looks complete as a full five waves down into this weeks lows.
I am looking for a rise above 23.00 again in wave ‘a’ of ‘ii’.
WE will see how that goes next week.

Monday;
Watch for wave ‘i’ to find a final low very soon.
The price seems to be holding above the wave ‘b’ low at 22.57 so far.
So I expect wave ‘ii’ will begin off that support.
Watch for a break above 23.00 again to signal wave ‘a’ of ‘ii’ is underway.