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

https://twitter.com/bullwavesreal

EURUSD.

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EURUSD daily.

Waiting for wave (iv) to begin may be a bit frustrating.
I am looking for a turn off the recent low over the next few sessions to confirm the rise into wave (iv).
Wave ‘a’ of of (iv) should rise in three waves and hit the previous wave ‘4’ high at 1.0752.
There is a small rise today,
but its just not big enough to get excited about yet.

Monday;
Watch for wave ‘a’ of (iv) to trace out thee waves up into that 1.0750 level again.

GBPUSD

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GBPUSD daily.

Cable has traced out five waves down off that wave ‘iv’ high now.
So in terms of the raw pattern wave ‘v’ of (v) is done here.

Wave ‘v’ should complete the much larger wave [i] pattern as shown.
And as you can see there is an important support coming up now at 1.2308.
that level marks the previous wave [iv] at low from last May.
That level was the initial target for wave [i] down to reach,
and here we are four months later back where we started!

Monday;
Wave [i] down will find a low in that target area over the next few days,
so its just a case of waiting for the turn up into wave [ii] to begin.

USDJPY.

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USDJPY daily.

USDJPY is hard to stop these days!
And I though the USD was dead………………..

I have not changed the wave count for wave (iv) this evening evening though we have reached a new top.
I know that the pattern in requires another correction to complete before we head higher into wave (v) of [v].
And we do not have a three wave correction complete in wave (iv) yet.
So I will stick with the idea that wave ‘c’ of (iv) can turn lower to close out the correction early next week.

Monday;
Watch for wave ‘b’ to top out in an expanded flat correction and turn lower again into wave ‘c’.
The initial target lies at 145.89.

DOW JONES.

DOW 1hr.

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DOW daily.

Well that was a pretty conclusive answer to yesterdays rally!
I think I can go as for as to say that the action today is very much in favor of the main wave count.
Wave ‘1’ of ‘iii’ has not retraced the rally in wave ‘c’ yet,
but it is close.
I would like to see wave ‘1’ of ‘iii’ complete below 34500 again.
In fact the further down wave ‘1’ goes the better.

I know I have said this a few times lately,
but,
if this count is correct here,
then we are on the very edge of a rapid decline into wave ‘iii’ of (iii).
And that one will wake up a whole lotta people.

Monday;
watch for wave ‘1’ of ‘iii’ to break 34500 again and then complete.
Mondays trade will probably bring a correction higher into wave ‘ii’ also.

GOLD

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I think todays rally has traced out five waves up in wave ‘a’ of ‘ii’.
the price has already reached the initial target area for wave ‘ii’ at the high today.
So I can’t rule out the idea that this is wave ‘ii’ already in place here.
If that is the case,
then we should see wave ‘iii’ down take over pretty quick next week.

Monday;
Watch for the price to fall into wave ‘b’ in three waves at least.
Wave ‘b’ should complete near the 1920 area.

CRUDE OIL.

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CRUDE OIL daily.

Todays action may be the first little crack in this rally in wave (v).
the top has not been proved here,
but we have seen a pretty sharp spike lower after hitting an important level at 90.00 again.
I can say for sure that the whole rally in wave ‘C’ has done enough now,
and I know that we are getting very close now to the inevitable top here.

If the pattern is correct here in wave (v) of [v] of ‘C’,
then next week will prove to be an important test area for a reversal.

Monday;
watch for wave (v) to top out pretty soon.
I expect we will see the first steps lower by the end of next week.

S&P 500.

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S&P 500 daily.

Yesterday we got a completed three waves up to hit the 78.6% retracement level of wave ‘i’ pink.
A small throw over the upper channel line topped out wave ‘c’ of ‘ii’,
and now today,
the reaction to that wave top in wave ‘ii’ was pretty dramatic to say the least.

The lows this evening has almost retraced the full wave ‘c’ rally.
I want more from wave ‘1’ of ‘iii’ though.
A break below the wave ‘i’ low again at 4428 again would be an ideal start to wave ‘iii’ of (iii).
And I have no need to explain what that next leg down can do in terms of a shock to the system here!

Monday;
The wave count calls for a full week of downside in wave ‘iii’ of (iii) next week.
Five waves down should bring the market back to the 4200 area again I think.

Watch for wave ‘1’ to break the 4428 and then correct higher in wave ‘2’.

SILVER.

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Ok I have switched to the alternate wave ‘i’ and ‘ii’ count tonight because of todays rally.
the top today is labelled wave ‘a’ of ‘ii’,
Wave ‘b’ should form a higher low above 22.30 by Tuesday.
and then wave ‘c’ will turn higher to complete the correction in wave ‘ii’ near 23.60 later in the week.

Monday;
Watch for wave ‘b’ to drop in three wave to higher low as shown.