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

Google Prepping For More Layoffs

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is asleep at the wheel today with little to no movement in any direction.
I think wave ‘ii’ is still in play here,
although the internal pattern is slightly different.
I suspect wave ‘ii’ will hit the 1.09.40 area to complete.
and then we c an look lower into wave ‘iii’ next week.

Monday;
the decline into wave ‘iii’ of (iii) is coming and this can even start before the end of Mondays session.
Watch for an initial pop to complete wave ‘ii’,
and then a reversal into wave ‘iii’ by the end of the day.
A break of 1.0840 again will signal wave ‘iii’ is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A very tight trade today has not advanced the pattern much.
I think we can say that wave ‘ii’ is done here.
But we don’t have any confirmation of wave ‘iii’ down yet.
A break below 1.2596 again will signal wave ‘iii’ is underway.

Monday;
Watch for wave ‘iii’ to take over by the end of the day.
A drop below the wave ‘i’ low will open up the pattern for a much larger drop into wave ‘iii’ of (iii).
Wave (iii) has the potential to fall into the 1.2300 area over the next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is moving sideways again today and the pattern is tracing out a triangle correction now.
This move is labelled as wave ‘4’ of ‘iii’.
And we should see a rally back towards 150.00 again to complete in wave ‘5’ of ‘iii’.

Once wave ‘iii’ completes I will be looking for a larger correction into wave ‘iv’ as shown.
And that should come before the middle of next week.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Take a look at the 4hr chart to see the lay of the land after todays rally.
The recent sideways action has traced out a three wave correction into this weeks lows.
that move now takes the wave [iv] label.
And now we have move higher into wave [v] of ‘C’ of (B).

The market wishes to disregard reality for another week or so as this next wave completes.
and once that happens,
then we will move lower to begin wave ‘!’ of (C).

the rally in wave [v] will close out the trend channel near 38750 now.
And I suspect we will see that rally continue for the first half of next week now.

The hourly chart shows a wild rally this evening in a possible wave (iii) of [v].
that means we don’t have much left to complete even in this new pattern.

Tomorrow;
Watch for wave [v] to continue higher and top out with a break above 38000 later next week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold did rally up to meet the declining trtend channel line again today and that should close out a second wave correction.
Wave ‘3’ of ‘iii’ is now clear to begin off this lower high.
and the price even managed to reverse off that trend line this evening
As a hint that wave ‘iii’ may be beginning.

Monday;
Watch for wave ‘2’ to hold below 2062.
wave ‘3’ of ‘iii’ will be confirmed with a break below 2001.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Wave ‘d’ did top out this evening and it stopped below the previous high at wave ‘b’.
and now we have a drop back off that high today to begin wave ‘e’ of (b).
It is funny that even now the triangle pattern can be broken by one wrong move!
So wave (b) can develop differently than I have suggested.
I will continue with the triangle until proven wrong though!

Wave (c) should come along next week anyway.
And the target for that wave lies at 78.00 again.

Monday;
Watch for wave ‘e’ of (B) to trace out three waves down and complete above 70.60.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A similar story in the S&P tonight.
the long feared invalidation happened today and that switches this top to wave (B) rather than wave ‘2’.
the current rally is happening in wave [v] of ‘C’ of (B).
and todays acceleration is wave (iii) of [v].

It will take another week for this pattern to close out now.
and the trend channel suggests a top for wave [v] near 4980.

Monday;
watch for wave (ii) to hold and wave (iii) to continue higher as shown.
It shouldn’t take long to top out this new pattern either.
so we are still very close to that inevitable reversal.
This will happen in wave (C) now rather than wave ‘3’ as the previous pattern called for.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Both patterns are still in play tonight after a small decline in the price today.
Wave ‘b’ is still holding at 22.38.
and wave ‘c’ can still turn higher to hit 23.53 to complete the expanded flat correction next week.
The next leg down should begin by midweek.
And wave ‘iii’ of (iii) will be confirmed with a break below 22.38.

Monday;
Watch fro wave ‘b’ to hold at 22.38.
wave ‘c’ should trace out five waves up to break 23.53.