Good evening folks, the Lord's Blessings to you all.
EURUSD.
EURUSD 1hr.
EURUSD 4hr.
EURUSD daily.
Well things got a little more complicated today with a sharp turn down in EURUSD.
But I think we can make this fit the larger pattern!
Wave '2' of of 'v' is now viewed as a running flat correction at todays lows.
The price will turn higher into wave '3' of 'v' tomorrow in this scenario.
And we cn expect a rally into the end of the week if this is correct.
Tomorrow;
Watch for wave '2' to hold above 1.1068.
Wave '3' will be confirmed with a break above 1.1190.
GBPUSD
GBPUSD 1hr.
GBPUSD 4hr.
GBPUSD daily.
Cable hit the upper trend line of the ending diagonal yesterday,
and today we have a sharp drop off that top.
the price is closing this evening below the lower trend line.
This action does not confirm anything yet,
but it is a definite hint at a top for wave 'v' and wave (c) now in play here.
Tomorrow;
We will see how this goes over the next few days,
a five wave decline off this high will favor the idea that wave [c] is now beginning.
Lets see if the price traces out five waves down into wave 'i' of (i) over the coming days.
USDJPY.
USDJPY 1hr.
USDJPY 4hr.
USDJPY daily.
USDJPY hit the minimum target for wave 'c' of (ii) which completed an expanded flat correction.
and then we had a nice reversal off the session low to begin wave (iii).
The high has broken above the previous highs in wave (i) and wave 'b',
so this is a promising start to a new wave up in wave [c] green.
Tomorrow;
Watch for the wave (ii) low to hold at 142.89.
Wave 'ii' of (iii) should complete a higher low as shown.
And then an acceleration higher into wave 'iii' of (iii) by Friday.
DOW JONES.
DOW 1hr.
DOW 4hr
DOW daily.
Todays action could be absolutely nothing but a blip in the narrative.
Or,
it could be something very interesting indeed.
And I know I am begin vague here.
But we are again in the area where the latest pattern for wave (v) should top out.
and now we have a possible reversal off that top.
We will see how it goes from here.
Tomorrow;
I am not going to nail myself to a pattern here by labelling this decline absolutely.
But if we do see a five wave decline towards support at the previous wave (iv) lows,
that will be impossible to ignore as a possible reversal into wave (i) blue.
GOLD
GOLD 1hr.
GOLD 4hr.
GOLD daily.
The action in gold today is corrective looking within wave '5' black.
So I expect we will see another pop tomorrow to finish that wave.
The price is hitting a pause here at the upper line of 2 trend channels,
so that is an indication that we are about to top out a significant wave here at least in the short term.
once wave '5' is done,
then we will see a drop into wave 'a' of (iv).
Tomorrow;
Watch for a final top in wave '5' of 'v' and then a drop into wave 'a' before the end of this week.
CRUDE OIL.
CRUDE OIL 1hr.
CRUDE OIL 4hr.
CRUDE OIL daily.
Crude turned lower off the top of wave [a] again today and that decline is a little more convincing now.
Wave (a) of [b] should be in play here.
And if this count is correct here,
we should see a corrective move sideways over the coming days into wave (b).
And then three waves down into wave [b] green will complete next week with a break of 68.00 again.
Tomorrow;
watch for wave (b) to complete a lower high below 72.26.
S&P 500.
S&P 500 1hr
S&P 500 4hr
S&P 500 daily.
The S&P is drifting again along the top of wave 'b' of 'iv'.
The market needs to complete a correction in wave 'iv' tomorrow,
and then a final high in wave 'v' maybe even by Fridays close.
The pattern for wave (v) will then be complete,
and I will look for the initial turn down in wave 'i' next week.
Tomorrow;
A correction in wave 'iv' should find support at 5650 at the previous highs.
SILVER.
SILVER 1hr
SILVER 4hr.
SILVER daily.
Silver moved sideways in a corrective manner today and I am suggesting this move is a small correction within wave '5'.
This rally is should top out this week.
but the market seems very reluctant to turn off the highs just yet.
A drop below 31.00 again will signal wave 'a' of 'ii' is underway.
Tomorrow;
Watch for wave '5' of 'i' to top out this week with the expectation that wave 'ii' will begin next week.
BITCOIN
BITCOIN 1hr.
BITCOIN 4hr.
BITCOIN daily.
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FTSE 100.
FTSE 100 1hr.
FTSE 100 4hr.
FTSE 100 daily.
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DAX.
DAX 1hr
DAX 4hr
DAX daily.
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NASDAQ 100.
NASDAQ 1hr
NASDAQ 4hr.
NASDAQ daily.
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