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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

It seems we have a double top in place at the session high today,
although the action is not entirely convincing,
the price has not completed a possible second wave retracement,
and to add to that idea,
the price dropped off the high this evening.
If we see a follow through move to the downside tomorrow that will favor the idea that wave ‘iii’ is underway.

Tomorrow;
Watch for wave ‘ii’ to hold at todays high.
wave ‘iii’ down will be confirmed with a break below 1.0875.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is in a similar position tonight with a slight new high in wave ‘c’ of (ii) a short while ago.
The price fell off that wave ‘c’ high,
and the rebound has climbed back to the highs again as I write tonight.
There is a chance that wave (ii) is complete at the highs today,
But I will have to wait for confirming price action to signal wave ‘i’ of (iii) has begun.

Tomorrow;
watch for wave ‘i’ of (iii) to fall back into the initial support at 1.2610 to signal wave (iii) is underway.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY broke above the wave (i) high today and that is a solid indication that wave (i) and (ii) are now complete.
Wave (iii) is getting close here,
we need to see a clear bullish higher low above wave (ii) at 143.41.
And then the main thrust of the rally will occur in wave ‘iii’ of (iii) next week.

Tomorrow;
Watch for wave ‘ii’ of (iii) to complete above 143.41.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another day of interesting, but inconclusive action in the DOW.
The market first broke out to a new high and then rapidly reversed off that level,
and we finish the day with a rebound to a lower high.
If we are still tracking the end of wave ‘C’ of (B) here,
then I must fit this action into an appropriate pattern.

So;
I have shown a new idea for wave (iv) tonight.
This involves a contracting triangle complete at Tuesdays lows.
and if this pattern holds,
then we will see a drop back below the wave (iv) level again tomorrow.

The fact is,
This market is out of fuel now at the end of a very large three wave rally in wave (B).
And wave (C) is left to come this year.
You can see on the daily chart that the momentum picture is exactly the same as the wave ‘A’ top which formed in December 2022.
And The outcome here should be much more explosive to the downside when wave (C) gets going.
The idea is to spot that initial decline which will confirm the trend change when it happens.

Tomorrow;
Lets see if this sharp drop builds into a larger impulsive move lower over the next few days.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold had a wild whipsaw trade today but the action has not invalidated the main count yet.
The wave ‘1’ ‘2’ count to begin wave ‘iii’ of (iii) is still in play here.
In fact,
the low of the session broke the 2015 level that I have been watching.
That level marks the previous low of wave ‘b’ of (ii),
and now we have a possible signal that wave ‘iii’ of (iii) is getting underway.

So,
the next move from here will decide the action for a few months I think.
A sustained decline into wave ‘iii’ that breaks the support at 1972 will signal wave (iii) of [c] is correct.
And wave [c] has the potential to fall towards 1750 again.
So this is no small deal here.

Tomorrow;
Watch for wave ‘2’ to hold at todays highs.
Wave ‘3’ of ‘iii’ should continue lower to hit the 1972 level over the next few days.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

If Crude oil is actually making its way higher towards 76.18 to complete wave (a) of [iv],
then I must admit this is the slowest beginning to a third wave I have seen for a while.
The main count is still valid.
But the price must turn higher pretty soon to confirm wave ‘iii’ of (c).
A break above 75.00 would achieve that.

Tomorrow;
Watch for wave ‘3’ of ‘iii’ to make a break above 75.00 to confirm this pattern.
Wave ‘2’ must hold above 70.15.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The main count in the S&P lives to fight another day.

the market continues to hold below the all-time higher at 4818.
And now we have another possible rejection of that level today.
the price has not confirmed the wave (i) decline off this weeks highs,
but I can suggest that todays drop is a possible wave ‘i’,
with wave ‘ii’ now holding a lower high.
This is a very speculative pattern here,
so we will need to see confirmation of this tomorrow with a significant decline below 4700 in short order.

Tomorrow;
Watch for wave (v) to hold at this weeks high.
Wave (i) should build a five wave pattern lower off this level.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have switched to the alternate count in silver tonight because of that drop into 22.50 today.
that was the trigger level for the bearish count,
and now I will follow the action from here with that bearish idea in mind.
If the new count is correct,
then we should see a five wave decline into wave (iii) of [c] of ‘2’.
Wave (iii) should fall below 21.00 to complete.
Then the count gets very interesting again,
and the margin for error gets very tight.

Because in that area we approach another invalidation level for wave ‘2’ red.
A break below 19.68 again will invalidate wave ‘2’ and then the lower target level for the pattern drops to about 15.00 again.

So,
the story in silver can get very interesting very quickly from here.
I will go into that in more detail in tomorrows video.
Lets just keep our eyes on the new count for now.

Tomorrow;
Watch for wave ‘ii’ to hold at 23.50.
Wave ‘iii’ down should develop in five waves from here.