Good evening to one and all,

I pray the Blessings of Messiah Yeshua over you all again tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

If you take a look at the 4hr chart first tonight I have shown an alternate idea for wave ‘C’ of (D).
In this case,
todays lows are only now forming the end of wave [v] of ‘C’ of (D).
If this is correct,
then wave (E) will begin a three wave rally higher over the coming few days.
And the end of the triangle wave [B] will be pushed out for another few weeks.

Back to the main count.
The price is still holding above the 1.1662 invalidation line this evening.
This count is valid until that line breaks.

Tomorrow;
Wave (v) of [c] of ‘B’ must be complete today.
A rally back above 1.1750 again will signal wave [i] of ‘C’ has begun.

Even if the alternate count is correct here,
I still expect the price to move higher over the coming weeks in that delayed wave (E).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The sharp move lower today has invalidated the previous count for wave (ii).
It seems that todays action can now be viewed as wave (iii) underway.
The acceleration lower is labelled wave ‘iii’ of (iii),
this count fits with the action for sure.

If wave (iii) is underway,
then we should leave the wave (i) low untouched at 1.3609.
Wave (iii) should hit 1.3450 at a minimum,
this level is where wave (iii) reaches equality with wave (i).

Tomorrow;
Watch for wave (iii) to trace out a five wave pattern lower.
1.3609 must hold.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Another day, and another alternate count on the 4hr chart!

I have labelled the action this week as a possible wave [c] of ‘B’ in the alternate count.
And this allows for a decline in wave ‘C’ to complete wave (2).

The main count.
Wave ‘iii’ of (i) has been a vertical affair and has extended to 250 pips now,
this is a rare move in USDJPY especially given the last 6 months of sideways ranging.
So I am willing to view this as a confirmation that a new rally phase is beginning.

Wave (i) will complete a five wave rally soon,
and that should be followed by a three wave decline in wave (ii) beginning next week.
That action will complete a bullish impulse wave and I will then look for a larger rally into wave (iii).

Tomorrow;
watch for wave ‘iii’ to top out and then correct lower into wave ‘iv’.
Wave ‘iv’ should find support between 110.79 and 110.44.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

My bearish views got a vote of confidence today at least!

The count shows a drop in wave ‘i’ of (iii) of [iii] today.
The action over the next few days should create another small lower high in wave ‘ii’ of (iii).
Then we are facing a possible decline in wave ‘iii’ of (iii) of [iii] later in the week.
If that comes about,
then we this market is about to get very shaky.

Tomorrow;
The highs at wave (ii) must hold.
and I expect wave ‘i’ to complete a five wave decline early tomorrow.
Wave ‘ii’ should begin by tomorrow evening,
and I will be looking for that corrective lower high in wave ‘ii’ to complete below 35,000.

This pattern can develop much quicker than I expect.
So wave ‘iii’ might even begin tomorrow depending on how the early trade goes.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is moving slowly towards that final low in wave [ii] today.
The pattern suggest a drop in wave (c) back into the lower trend channel line.
That gives us a target area at 1710 or there about for wave (c) to complete.

This week should be enough time to finish this pattern in wave (v) of [ii].
So I will be watching for a significant low to form by Friday.

Tomorrow;
Watch for wave ‘iii’ of (c) to drop below 1720 at a minimum.
Wave ‘iv’ must hold below 1737.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I am looking at todays decline as the beginning of wave (iv) down.
The initial drop is wave ‘a’ of (iv),
and we should see a three wave decline complete by tomorrow Id say in wave (iv).
Wave (iv) should hold above 72.30 at the wave (i) high.

Tomorrow;
Watch for wave ‘b’ and ‘c’ to complete a three wave decline above ideally above 73.00.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P made a nice move lower today and with that we have some price action to build on again.
the move is big enough to seriously consider wave (iii) underway now.
If this count is correct,
then wave (i) will complete a five wave pattern lower tomorrow.
And then wave (ii) will correct back to the 4410 area in three waves over the following few sessions.
That will open up the possibility of a wave three of three decline next week.
And that one could be very significant as it should bring the market close to that 4000 level again.
That level marks the wave wave (ii) low of the last rally within wave [v].

Tomorrow;
Watch for wave (i) of [iii] to complete.
A corrective rally is expected to begin by tomorrow afternoon in wave (ii).

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

the triangle pattern for wave (iv) is working quite well now and should be completing soon.
Wave ‘e’ of (iv) should complete below 22.80 at the wave ‘c’ high.
And then we should see a sharp reversal down into wave (v) for the rest of the week.

Tomorrow;
Watch for that triangle pattern to hold below 22.80.
wave (v) will be confirmed with a break of the 22.00 level again.