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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is slowly making its way higher today in a very corrective manner for sure.
The action so far favors the idea that wave ‘a’ of (iv) is underway.
But the price has not come far enough to prove this point yet.

The main count calls for wave ‘a’ to carry up to the wave ‘4’ top at 1.0752 at a minimum.
So until that happens this is wave count is still up in the air.

There still remains a possibility that wave ‘c’ of (iii) can extend lower.
So I want that low at 1.0631 to hold for now.

Tomorrow;
Watch for wave ‘a’ of (iv) to be confirmed with a break above 1.0752 again.
Wave ‘b’ should form a higher low later in the week as shown.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable does not seem very interested in reversing higher off the lows just yet.
In fact the action today looks more like a small consolidation within the down trend in wave (v) of [i].
I am looking for wave [i] to complete pretty soon,
but there is no sign of that reversal happening today.
The next lower support lies at 1.2308,
so if we see a bounce off that low,
then we can look higher into wave (a) of [ii] later this week.

Tomorrow;
Lets see if the price reacts higher off that next support level at 1.2308 to signal wave (a) is beginning.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is dead in the water all day today so there is very little I can add to the short term count.
I am expecting wave ‘c’ of (iv) to turn lower in five waves as shown.
A break of the wave ‘a’ low at 145.89 is the minimum target for wave ‘c’.

Tomorrow;
Watch for wave ‘c’ to turn down off these highs early in the session.
A break of 147.00 again will signal wave ‘c’ has begun.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Ok,
Todays action has not achieved much in terms of advancing the pattern,
but hte main wave count stands today at the very least.
I woule like to see a break of the wave ”b’ lows at 34500 at a minimum in wave ‘1’.
but the lower it goes the better for this wave count.

I have shown a larger alternate count for wave ‘b’ and ‘c’ of (ii) this evening also.
If the price does not break to a new low below 34000 this week in wave ‘iii’ of (iii),
then I will have to consider that alternate count more seriously.

Tomorrow;
Watch for wave ‘1’ of ‘iii’ to break below 34500 at a minimum.
A break of 34280 at the wave ‘i’ low would be better in this scenario.
But I will take what I can get here!

WAve ‘1’ and ‘2’ should trace out that lower high as shown by midweek.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I think we have five waves up complete in wave ‘a’ this evening.
The price corrected sideways for much if the session,
and then this evening the rally resumed to complete wave ‘a’ of ‘ii’.
Wave ‘b’ is now expected to turn lower in three waves and create a higher low by midweek.

This weeks action will be dominated by this wave ‘ii’ correction I suspect.
But we may see an end to wave ‘ii’ by the end of this week.

Tomorrow;
Watch for wave ‘b’ to create a higher low over the coming few days.
The rally should resume in wave ‘c’ by Thursday.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is getting choppy again today and my take on this pattern has not changed here.
I think we will see a significant top in crude soon as wave ‘C’ of (4) tops out.
I can’t say that the top will come this week,
as we might get a few more days of indecisive action that just grinds higher into the end of the week.
But I do think that wave (4) will top out by the end of this month.
the short term pattern favors a top sooner rather than later,
and todays action is another signal that the upside momentum is stalling.

Tomorrow;
Lets give this one a few more days to see if the action begins to favor the downside again.
The first major level of interest lies at the wave [iii] top at 84.40.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Its a similar count in the S&P also tonight.
That wave ‘1’ down is looking good to complete soon.
But I would like to see a break of the larger wave ‘i’ level at 4428 to complete wave ‘1’.
A break of that initial support level at wave ‘i’ will signal that wave ‘iii’ is underway.
And then we can look for a lower high in wave ‘2’ to form later in the week.

Wave ‘3’ of ‘iii’ of (iii) is where the main action will happen in progressing this bearish wave count.
I will have to wait a few more days before that acceleration happens and we can confirm this count.

Tomorrow;
Watch for wave ‘1’ down to break support at 4428 to complete that wave.
WAve ‘2’ should form a bearish lower high by midweek.
and then wave ‘3’ of ‘iii’ is set to begin by the end of this week.

If all goes to plan that is!

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is moving sideways today again,
and I think we can call this pause a possible wave ‘b’ of ‘ii’ correction.
You can see the three wave corrective pattern in wave ‘ii’ that I am looking for here.
the initial target for wave ‘ii’ lies at the 50% retracement level at 23.64 at the moment.
Wave ‘ii’ should be done before the end of this week I think.
So lets see how this plays out for the next few sessions.

Tomorrow;
Watch for wave ‘b’ of ‘ii’ to create a higher low above wave ‘i’ at 22.30.
There is a small correction in place today,
but I am not convinced that is all of wave ‘b’ yet.