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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Although the price has not broken the wave ‘iv’ support at 1.0887 I am going to go with the idea that this decline is wave ‘i’ of (i) of [c].
The price turned up today off that wave ‘i’ low and now wave ‘ii’ is underway.
A 50% retracement in wave ‘ii’ will bring us up to 1.1013.
And then I will begin to look for wave ‘iii’ of (i) to turn lower again.

Tomorrow;
Watch for wave ‘ii’ to complete a lower high near 1.1013.
wave ‘iii’ may even begin by tomorrow evening.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The decline off the top is very suspicious at the moment.
It is a pretty clear three wave pattern into the low at 1.2610.
And if this is correct,
It does open the door for a new high in the previous wave [c] of ‘2’ pretty soon.
We will see early tomorrow if the market has the potential continues higher to break 1.2826 again.

For the moment I will stick with the idea that we have an impulsive decline in wave (i) on our hands.
In this scenario wave (ii) will complete soon and then turn lower into wave (iii) again.

Tomorrow;
Watch for wave ‘i’ of (iii) to turn lower and break 1.2610 again.
This action will favor the main count.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY triggered the alternate bullish count today with another rally back into resistance tat 144.93.
I can see a possible five wave pattern in place off the lows now,
and this should be followed by a three wave correction in wave (ii) towards 142.50 again over the coming few sessions.

Tomorrow;
Watch for wave (i) and (ii) to form a higher low above the wave ‘4’ low at 140.24.
We should see a three wave decline in wave (ii) begin soon.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Slowly slowly the market turns.
There is no indications yet of an impulsive reversal building here.
But we can give this time to develop for now.

The market did start the session with a spike higher to form the next lower high.
But again the rally was rejected and now the market is back to flat on the day.
The main level of level of interest is a long way down at 37000,
but if the price breaks to a new low for the week tomorrow,
then it is very possible we see an acceleration lower to that line early next week.

Tomorrow;
I know waiting for something to happen is a pain,
but this patience can be quickly rewarded of extremes like this.
Watch for a break of 37400 tomorrow for a hint that wave (i) is in play.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding flat also today without much to add to the pattern.
I have marked todays high as a possible wave ‘4’ of ‘i’.
If that is correct,
then we will see another spike lower tomorrow to complete wave ‘5’ of ‘i’ as shown.
The key to this pattern is a break of support at 2015.
That remains to be seen,
But if that does happen it should lead to a bigger decline to come next week in wave ‘iii’ of (iii).

Tomorrow;
Watch for wave ‘5’ of ‘i’ to drop below 2015 again to confirm the pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil has created a ‘i’ ‘ii’ pattern off the low at wave (b) now.
And that low at wave (b) is expected to hold as wave (c) develops.
This action does favor the main count for wave (c) of [iv].
Wave ‘iii’ of (c) should turn higher from here to make a new high above 76.18 again.
I would like to see a break of the wave ‘i’ high at 74.04 tomorrow to signal wave ‘iii’ is in play.

Tomorrow;
Watch for wave ‘iii’ of (c) continue higher in five waves from here.
Wave ‘ii’ should hold at todays lows.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is so very close to breaking support this evening with the market dropping slowly as we hit the close.
A full retracement of last weeks rally will be a nice way to end the week.
With the possibility of five waves down in wave ‘i” now in play.

If the market creates a lower high in wave ‘ii’ early next week,
then we should see a sharp decline begin in wave ‘iii’ with a target near the next support at 4600.
I am getting ahead of my self here,
But I do think we are starting the year very much like the beginning of 2022.
And that did go on to develop into a very sharp decline in wave ‘1’.

Tomorrow;
Watch for wave ‘i’ of (i) to break support at wave ‘iv’ and then correct higher into wave ‘ii’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The wave count in silver is holding tonight after a close call early today.
22.50 must hold for the main count to remain valid.
And it is too close for comfort at the moment.
A break of 22.50 will force a rethink of the wave ‘ii’ pattern.
While a break below 21.87 again will confirm the alternate count fully.

Tomorrow;
Watch for wave ‘ii’ to hold above 22.50.
It is time for wave ‘iii’ to start moving higher from here.