Good evening folks, welcome to a new week, the Lord’s Blessings to you all.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

That was a pretty knee-jerk day in the markets across the board,
and the action today has invalidated last nights count,
but the main idea for wave ‘i’ and ‘ii’ is still valid.

A possible expanded flat correction in wave ‘ii’ is shown for todays new highs.
Wave ‘c’ of ‘ii’ broke above the previous wave ‘a’ high.
And now we are at the end of the road for the bearish interpretation of the action here.
Wave ‘iii’ down must now begin or the wave count is at risk.

Tomorrow;
Watch for wave ‘iii’ of (iii) to turn lower and break the wave ‘b’ low at 1.0822.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable came very close to hitting the previous wave (ii) high after breaking out of last nights count.
The wave count for wave ‘iii’ is now on the line here.
The price must turn lower tomorrow to begin an impulsive decline into wave (iii).
A break of 1.2650 again will be a good sign that wave ‘iii’ is underway.

There is a small chance that wave (ii) actually completed a triple combination at todays high.
If that is correct,
then wave ‘i’ of (iii) will turn lower from here.

Tomorrow;
Watch for wave ‘iii’ to begin with a break of 1.2650.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The pattern for wave ‘iii’ was broken by the drop today in USDJPY.
The price managed to hit a new low again for this sideways move.
And the price has bounced off that low again this evening.

I am suggesting a different count for the recent action now.
Wave ‘iii’ is shown complete at the recent high.
And wave ‘iv’ is labelled as a flat correction which bottomed at the session low today.
If this count is correct,
then wave ‘v’ of (iii) must turn higher from here with a minimum target at 148.80.

Tomorrow;
watch for wave ‘iv’ to hold at 146.64.
wave ‘v’ should trace out five waves up towards the 150.00 handle if all goes to plan here.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Wave (iv) has got a grip on the action again today as a possible flat correction is now underway.
Wave ‘b’ topped at a lower high this morning,
and wave ‘c’ has turned lower again as I write.
Wave ‘c’ should break the wave ‘a’ low at 37790.
and then turn higher again into wave (v) of [v] which will close out this pattern.

Tomorrow;
Wave (iv) must hold above 37708 at the wave (i) high.
We should see five waves up complete by the end of this week.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is stuck in a range for the last few days and that raises another possibility for the pattern now.
There is a definite corrective look to the sideways move into todays lows.
And we can see a channel has been filled this evening.
This action can be viewed as a smaller degree correction within wave ‘2’.
And that will allow for a pop higher to complete wave ‘2’ tomorrow as shown.
If the price breaks below the wave ‘1’ low tomorrow,
that will favor the idea that wave ‘2’ is complete and wave ‘3’ of ‘iii’ is underway.

Tomorrow;
WAtch for the low at 2001 to hold and wave ‘2’ to complete three waves up with a break of 2039.
If the price accelerates lower from here that will signal wave ‘3’ of ‘iii’ has begin.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Another stuck in the mud day in crude today and it seems wave ‘ii’ of (c) is still underway here.
The price did break to a new high above wave ‘i’ today but that was immediately answered by a drop back this evening.
I am looking for wave ‘ii’ to drop back into 73.40 to complete wave ‘ii’ tomorrow.
and then wave ‘iii’ should begin from there.

Tomorrow;
Wave ‘ii’ should complete an expanded flat correction at 73.40 ad turn higher into wave ‘iii’ of (c) from there.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A new high today has brought on the end of wave (iii) a little quicker.
The drop off this evening now begins wave ‘a’ of (iv).
It will take a few days for wave (iv) to reveal its pattern,
but if we look at the wave (ii) pattern as a flat correction,
then wave (iv) will tend to trace out something different to that.
I will lean towards a simple zigzag for the moment which should complete by Fridays close.

Tomorrow;
Watch for wave (iv) to trace out three waves down and complete above the wave (i) high at 4803.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has triggered another count for wave ‘1’ and ‘2’ this evening with a break above 22.84 today.
This has not changed the outlook for wave ‘iii’ yet.
As long as the wave ‘ii’ high holds at 23.52 then I can stick with this idea.
I will be looking for a move lower tomorrow to confirm wave ‘iii’ down though.
so I want to see a break of 21.92 to confirm this pattern.

Tomorrow;
Watch for wave ‘ii’ to hold at 23.52.
Wave ‘3’ of ‘iii’ must now begin with a break of 21.92.