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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has been pretty quiet today and I think the reason for that is a correction in wave ‘2’ black.
This correction will track higher in three waves and complete near 1.0930 tomorrow.
Wave ‘3’ of ‘iii’ will wait until Monday in this scenario.

Tomorrow;
Watch for this ‘1’ ‘2’ pattern to complete as shown.
The high at 1.0998 should hold from now on.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is still in the process of completing its second wave correction also.
the price has not completed three waves up into wave ‘ii’ yet.
I am looking at the 62% retracement level at 1.2713 to close wave ‘ii’.
and then wave ‘iii’ down should begin on Monday.

Todays actoin has completed a running flat correction in wave ‘b’ and wave ‘c’ has begun off the session low.
But there is more work to do to complete the larger wave ‘ii’ pattern.

Tomorrow;
watch for wave ‘ii’ pink to complete with a break of 1.2713.
1.2785 must hold.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPy has cooled off today and I am suggesting that wave ‘4’ of ‘iii’ is underway here.
wave ‘5’ of ‘iii’ is expected to push higher again to break 149.12.
that is the level where wave (iii) blue reaches equality with wave (i).
The price must hold above 146.40 for this short term count to remain valid.

Tomorrow;
wave ‘4’ can drag on for another day to complete a larger pattern.
So we could have another very sleepy trade tomorrow if that happens.
Watch for wave ‘5’ of ‘iii’ to complete with a break above 149.12.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW has remained firmly within the trading range today and even rebounded this evening.
It is hard to call the internal pattern of this current decline wave after todays action
so I am going to wait until the short term action clears up a little before pinning a wave count on this.
Todays rally is a little disappointing for sure,
but this could also be a second wave rally in play here.
So lets see haw this pans out tomorrow.

Tomorrow;
a drop back into the lows of the week will suggest an impulsive decline is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A small move higher in gold today is viewed as wave ‘2’ of ‘iii’ at the moment.
The price is expected to move lower again pretty quickly after this one is complete.
A good indication of a complete wave ‘2’ will be a rejection of the declining trend line again.
And after that,
wave ‘3’ of ‘iii’ of (iii) is on the cards for next week.

Tomorrow;
WAtch for wave ‘2’ to complete soon and then a drop below 2000 again to signal wave ‘3’ has begun.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Three waves up has completed at todays top in wave ‘d’ of (b) now.
And that suggests wave ‘e’ will turn lower again tomorrow to complete the larger triangle pattern in wave (b).
The pain pattern is holding at the moment.
And when wave (b) completes possibly tomorrow,
then we can look for a five wave rally into wave (c) next week.

Tomorrow;
Watch for three waves down into wave ‘e’ of (b) to begin tomorrow.
Wave ‘e’ must complete above the wave ‘c’ low at 70.60.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A lower higher in wave ‘i’ and ‘ii’ is the best fit pattern at the moment after a bounce in the market this evening.
That pattern will require a quick turn around tomorrow to begin wave ‘iii’ of (i) as shown.
Wave ‘iii’ should break below the corrective range at 4660 if all goes well.
But I cant count in that to be honest.
Again the S&P is playing with fire here as every rebound brings the price close to the invalidation line at 4818.

Tomorrow;
Watch for wave ‘ii’ to complete early tomorrow and then turn down to begin wave ‘iii’ as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am not so sure of the main pattern for wave ‘ii’ now after todays weak price action.
There is a chance that wave ‘1’ and ‘2’ to begin wave ‘iii’ is actually underway here.
And if that is the case,
then silver will not break above 23.50 again,
but rather wave ‘iii’ will turn lower and break below 22.00 again pretty quickly.
So we are again stuck in the middle of two counts here.
both lead lower in the end,
but the alternate count suggests wave ‘iii’ is already underway.

Tomorrow;
Watch for wave ‘c’ of ‘ii’ to reach that target at 23.52 again to rule out the alternate count.