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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The price is oh so very close to hitting initial support at 1.0890 tonight.
This level marks the previous wave ‘iv’ of (c).
This decline has already broken the previous wave (a) high so we are well on the way to confirming a reversal pattern into wave (i) of [c] now.
A bearish reversal will trace out a ‘i’ ‘ii’ lower high probably by the end of this week.
and then next week we can look for the follow through to break wave (b) at 1.0723.

Tomorrow;
Watch for a break of 1.0889 as wave ‘i’ completes.
wave ‘i’ and ‘ii’ should complete a bearish lower high below 1.1139 by the end of this week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The price has fallen into initial support at wave (iv) today but this wave (i) decline is not over yet.

I have labelled this small sideways correction here as wave ‘iv’ of (i).
And this pattern requires the price to fall again tomorrow to hit the support at wave (ii) at 1.2500 again.
A break of that wave (ii) low will be a big boost to the reversal pattern.
And then I will look for a lower high to build in wave (ii).

Tomorrow;
Watch for wave ‘v’ of (i) to continue lower and hit the wave (ii) support at 1.2500 again to complete the initial decline.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY has completed three waves up in wave (iv) now and wave ‘c’ has extended a little higher today as suggested.
Todays rally does leave the door open to the alternate count now.
And if the rally continues tomorrow to break above 144.93,
that will favor the alternate count and we can switch to that bullish count.

Tomorrow;
The main count still holds for now but 144.93 must hold.
Watch for wave (v) to trace out three waves down to break 140.25 and complete the larger pattern.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW is holding below the highs again today and the action is still fairly undecided here.
The idea that a top is in place for wave (v) of [c] is possible,
but there is nothing to back that idea up here yet.
I am looking at the support at 37000 as the level that will signal wave (i) is underway,
but we will need a solid five wave decline to favor wave (i) down.

Tomorrow;
watch for the DOW to hold below the recent highs again to give the chance to that bearish count to build.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold took another step lower today and the price is getting close to that support at 2015 now.
The decline has not traced out five waves down just yet.
And I am expecting wave ‘i’ down to break that 2015 low when complete.
So I am still waiting for the price action to confirm my thoughts here.

Ideally wave ‘i’ and ‘ii’ will create a bearish lower high before the end of the week.
And then next week we can look for wave ‘iii’ to continue lower and break the lower support at 1972.
We will see how it goes.

Tomorrow;
Watch for wave ‘i’ to complete five waves down with a break of 2015.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has finally turned higher into wave (c) of [iv] today.
the price bounced off the early morning lows quite sharply today.
The wave ‘i’ rally did not break above that 73.70 level I was pointing to last night.
But wave (c) should continue higher from here,
and I do expect wave ‘iii’ to push above that level with ease later in the week.
WAve (c) is expected to top out above 77.00 aga next week.
and that will complete three waves up in wave [iv] as shown.

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to complete a higher low above 69.36 by tomorrow evening.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The price action here is getting more interesting by the day here.

The market has not broken wave ‘iv’ at 4691 yet.
And that is the first level of interest to signal wave ‘i’ is underway.
The sooner that level breaks, the better to be honest.
We are still way too close to invalidation for the wave ‘2’ blue high.
So I want the market to make a solid attempt at a five wave decline pretty soon,
to break support and turn the momentum to the downside again.
the most important level of support from here is 4540 at wave (iv).
And that will be the key to turning the market into wave [i] of ‘3’ to the downside.

Tomorrow;
Watch for wave ‘i’ to break support at 4690 as the first step to a much bigger decline phase.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have filled out the alternate count tonight to account for the action today.
the price came down hard today and is now threatening to break support at 22.50,
if that happens,
then we are looking at the possibility of invalidating this bullish count and switching to a possible third wave decline in wave (iii) of [c] again.
The main count has not broken yet,
so there is still a diminishing prospect of a rally here.
But if wave (ii) breaks at 22.50 that will cause a big switch for the next few weeks at a minimum.

Tomorrow;
Watch for 22.50 to hold for the main count to remain valid.