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

Here’s a few charts I came across today to get the ball rolling!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am looking at the action and all I can see is a correction higher today.
The best fit pattern at the moment is still a fourth wave correction within wave ‘c’.
And the wave count suggests wave ‘5’ down will come our way soon.
WAve ‘a’ and ‘c’ will reach equality at 1.0645.
so that level remains the target for the larger wave (iii) to complete.

If the price continues higher tomorrow to break above 1.0800 again,
that will favor the idea that wave (iv) has begun.

Tomorrow;
Watch for wave ‘5’ of ‘c’ to complete with a tag of 1.0645 again.
Wave (iv) should then begin to turn higher for the rest of the week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable did manage to hit a new high today in this wave ‘4’ correction.
The wave count calls for another drop into wave ‘5’ of ‘iii’ starting tomorrow,
and Wave ‘5’ should break below 1.2445 again to complete wave ‘iii’.
The larger pattern is calling for a choppy trade for the rest of the week as wave ‘iv’ and ‘v’ should carry the price sideways and then lower again if this pattern all goes to plan!
This may well turn out to be a very annoying market this week!

Tomorrow;
Watch for wave ‘5’ of ‘iii’ to complete with a break of 1.2445.
The price should hold below the wave ‘1’ low at 1.2577.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has failed to complete the ideal wave ‘v’ that I suggested last week.
the run up to the upper trend line never happened,
and instead we got sharp reversal with a gap off Fridays highs.

I am now calling wave ‘v’ of (iii) complete at the 147.87 top.
And wave (iv) is underway now with todays move down.

We should see a lower high develop in wave ‘b’ by tomorrow evening.
and then wave ‘c’ of (iv) has a target back at the previous wave ‘iv’ low at 144.44.

There is also an alternate wave ‘v’ count option shown on the hourly chart.
This show’s a possible ‘1’ ‘2’ higher low building to begin wave ‘v’ up.
I am assigning a low probability to this option,
but we will see.
A break back above 147.87 again will trigger this count.

Tomorrow;
Watch for wave (iv) to continue in a choppy corrective pattern lower this week.
A three wave pattern should hit the 144.00 area by the end of this week if all goes to plan.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am really split 50/50 on todays action to be honest.
The market has continued higher today in a corrective manner,
but Fridays wave count no longer fits the size of that correction.

The next best pattern here is that wave ‘ii’ pink is already underway.
The market reached the 62% retracement level of last weeks decline.
And then we immediately saw a sharp drop off the session high.

The main count now shows wave ‘i’ and ‘ii’ as complete,
wave ‘iii’ down can now begin off today’s high.

The only objection I have to this count is the internal pattern within wave ‘i’ pink.
I find the internal pattern difficult to label as a clear five wave impulsive decline.
And for this reason I can only wait and see if the market will confirm the main count,
or reject it in favor of the alternate count.

We will know by tomorrow evening.

Tomorrow;
Watch for wave ‘ii’ to hold at todays high.
Wave ‘iii’ down should continue lower and break below the 34000 again in an impulsive manner.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has extended the correction in wave ‘ii’ again today.
I can still view the action as corrective overall today.
The top tick hit the upper trend channel line and then reversed lower again.
The high in wave ‘ii’ has failed below the 50% retracement level,
which suggests weakness in the rally.
If the price continues lower tomorrow and breaks the wave ‘i’ low at 1914,
that will signal wave ‘iii’ is underway.

Tomorrow;
Watch for the session high at 1930.86 to hold and wave ‘iii’ to begin a larger decline in five waves for the rest of this week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The short term action in crude has not resolved itself today
I can see a completed triangle in wave (iv) at the moment.
But the small rally this morning was not convincing enough as the start of wave (v) up.
Most of that rally has been retraced this evening which casts doubt on the pattern to be honest.

there is a possibility that wave (iv) is going to extend and create an even more complex structure.
So,
I will give the market another day to see how the pattern develops.

Tomorrow;
The price must hold above 85.71.
A break of that level will invalidate the triangle pattern for wave (iv) blue.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I have changed the wave count for wave ‘i’ and ‘ii’ tonight.
the count now suggests wave ‘ii’ is complete at todays highs,
and wave ‘iii’ down should begin shortly.

The initial decline in wave ‘i’ pink has a better internal pattern than the Dow.
And even wave ‘ii’ has retraced into the normal range between the 50% and 62% Fib levels.
In general the pattern is looking good as an impulsive reversal to begin wave (iii) blue.
But as always,
The pattern needs to be confirmed with a follow through to the downside into wave ‘iii’ this week.

Tomorrow;
Watch for this correction in wave ‘ii’ to complete and reverse lower again.
A break below the wave ‘i’ low at 4428 again will signal wave ‘iii’ has begun.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am waiting for this rally in wave ‘ii’ to take over.
But again today the price is stuck in that range around the 23.00 handle.

I don’t think the small sideways move off the lows is enough to call wave ‘ii’ complete.
It is just not large enough to consider.
Wave ‘ii’ pink should make it back up towards the 24.00 level when complete.
So I will just have to wait and see if tomorrows trade will confirm or invalidate this pattern.

Tomorrow;
Watch for wave ‘c’ of ‘ii’ to make its way higher again to confirm the main count.