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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has achieved exactly nothing in terms of pattern advancement this week!
I can’t even glean very much from the action today.
So I am just going to go over what we already know to setup for next week.

The pattern in wave (iii) is now five waves rather than three.
So the larger wave [c] will be a standard five wave pattern also.
If wave (iv) and (v) work out as normal,
then we should see a correction higher towards 1.08,
and then a final drop into wave (v) to complete wave [c].
The target for wave (v) of [c] lies at the 1.05 handle again.

Monday;
Watch for a move back towards the 1.0736 level to complete wave ‘a’ of (iv) early next week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has bounced along the the lows of the week all day today,
and this evening the price is completing a triple bottom at 1.2230.
The action has not indicated wave (a) is underway yet.
But I do expect the turn higher to begin next week.

Monday;
If the price manages to break the wave ‘4’ high at 1.2421 again that will indicate a final low is in for wave [i] green.
and then we can look for a five wave rally into wave (a) of [ii] by the end of next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is proving to be a stubborn mule this week also!

The price is holding at the highs of the week this evening so that wave ‘b’ top is not done just yet it seems.
the main count has not changed one bit,
I do expect this pair will turn lower again into wave ‘c’ and trace out five waves down to hit the 145.90 area to complete wave (iv) by the end of next week.

Monday;
watch for wave ‘b’ to finally top out and reverse into wave ‘c’ of (iv).
A break of 147.00 again will signal wave ‘c’ is underway.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The decline into wave ‘iii’ of (iii) is moving along without any reason to doubt it so far this week.
The market is closing below the previous wave (i) low this evening which is adding to the probability of the main count also.
And the main wave count now suggests that wave ‘3’ of ‘iii’ is in play here.

This wave should continue in force for the next few sessions at least.
and if I am correct here,
then wave ‘iii’ should make it down towards the target level at 33700.
This is where wave ‘iii’ reaches 162% of wave ‘i’ pink.

Even this target if a little shy of the ideal level to close out wave ‘iii’ pink.
To be honest,
I would like to see wave ‘3’ black reach that target level.
The more that this third wave extends,
the more likely that the overall bearish pattern in wave (iii) of [i] is correct.
So there is a lot riding on this move.

Monday;
watch for wave ‘3’ of ‘iii’ of (iii) to find a low near the initial target level at 33700.
Any reversal higher from here on out should be obviously corrective in nature.
And I want to see the wave (i) low at 34023 act as resistance next week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding a lower high today in wave ‘2’ of ‘iii’.
The rebound off that wave ‘1’ low did not achieve much,
so I am happy to stick with the main count form Monday to see if wave ‘3’ of ‘iii’ will make a turn lower again.
I want to see wave ‘iii’ make a clear break of the wave (i) lows again next week.
That gives us a minimum target for wave ‘iii’ of (iii) at 1884 again.
But I do want to see an even bigger decline in wave ‘iii’ to be honest.
So that question mark hangs over this wave count again at the end of this week.

Monday;
Wave ‘3’ of ‘iii’ must turn lower and again and take out the low at 1884 to extend this pattern correctly.
The high at wave ‘2’ at 1928 should hold.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am still speculating on the top of wave (4) after this weeks trade.
The price has formed a possible wave ‘ii’ lower high at todays highs.
Wave ‘iii’ down should drop below support at 86.20 early next week.
And only when that happens will I begin to seriously consider the larger patterns in wave [i] of ‘1’ of (5).
I spoke about that possibility in the weekend video earlier.

Monday;
Watch for wave (i) down to continue to develop a five wave pattern off the highs.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has found a temporary low this evening after breaking that wave (i) support again a little while ago.
I am looking for the most downside possible in wave ‘3’ of ‘iii’ as you know.
So I am not calling this wave complete just yet.
Of course I would like to see a low in wave ‘3’ below 4300 before considering wave ‘4’.
But we will have to wait and see on that front.

Maybe I am getting greedy here as wave ‘iii’ pink develops,
but I want to be very sure of the larger bearish pattern
before screaming from the rooftops again!”
That all depends on how wave ‘iii’ plays out.
so you can understand my desire to see as much progress as possible in wave ‘iii’ pink.

There is always the chance that we see a knee jerk rebound early next week that will put pressure on the wave count.
I will deal with that if it happens.

Monday;
Watch for wave ‘3’ of ‘iii’ to complete with one more step lower to break 4300.
We should see a completed five wave pattern in wave ‘iii’ by late Tuesday.
A break below the lower trend channel line would be ideal for wave ‘iii’ to close out.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has traced out three waves up in wave ‘ii’ at todays highs.
the price has tagged the upper trend channel line in wave ‘c’ of ‘iii’ now,
and there is a little weakness developing this evening.
The session high also broke above the 50% retracement level of wave ‘i’.

I can’t say for sure if wave ‘ii’ is complete at todays top,
but I will say that we have a nice three wave pattern in place here.
So the pattern is suggesting a reversal is coming.

Monday;
Wave ‘ii’ should top out very soon and wave ‘iii’ down is set to begin early next week.
A break of 22.30 again will signal wave ‘1’ of ‘iii’ has begun.