Good evening, and Gods Blessings to you all tonight.

I have not recorded a video today because I was battling between some ideas in the short term counts.

I will get to it over the weekend for sure!

On with the show.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

It looks like wave (b) of [b] just wont let go of the price these days!
we have spent most of the week just wandering sideways,
and now it seems like we have a triangle pattern close to complete in wave (b).
This pattern suggests another run higher into wave (c) of [b] over the coming days,
and the likely target for wave [b] lies at 1.1810.
This is where wave [b] reaches the 50% retracement level of wave [a].

Monday;
Watch for wave (c) to push higher early Monday,
and a break of 1.1750 will signal wave (c) is in force.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable put in an equally frustrating weeks action.
The price pattern for wave [b] has morphed into a running flat,
which may be complete at 1.2980.
The price has not made any significant move lower today to begin wave [c] down,
but I suspect this is not far away now.

Monday;
Watch for wave [c] to begin with an impulsive move below 1.2800 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY broke sharply lower in wave (c) of [ii] today and then rebounded off the 104.90 support at wave (i).
The price has completed a three wave correction now at wave [ii].
And with that we should see a sustained rally in wave [iii] begin over the coming days.
So far the price has rallied in three waves off todays lows.
But only a five wave rally above 105.80 will confirm the pattern.

Monday;
Watch for wave (i) to continue higher and break above that wave [i] high.
todays low at 104.93 must hold.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

As if things couldn’t get more complicated then we get a three wave rally today!
It seems things are still hanging in the balance in the stock market this evening.

Earlier today I switched to the alternate count for wave ‘2’ blue.
And todays rally was viewed as a part of a five wave rally higher into wave [c] of ‘2’ as shown.
This count is still valid this evening,
but the price has only traced out a three wave rally higher into todays high.
And this action leaves the door open for the previous count to take charge again.

The alternate count views todays high as wave (ii) with wave (iii) now underway.
If the price falls back below 27250 again,
that will trigger the alternate count.

Monday;
In terms of the preferred short term count.
watch for wave (iii) of [c] to push back above 28000 again to confirm this larger wave ‘2’.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

An expanding wedge pattern is very rare indeed,
but it is possible that wave ‘c’ of (ii) completed with that pattern at todays high.
The wave ‘b’ low lies at 1881,
so if the price falls back below that level in a nice sharp fashion,
that will be the first signal wave (iii) down is underway.

Despite the move higher this week, I am still a skeptic!
We have a 50% retracement in place in wave (ii) now,
and the price is faltering coming up to meet the upper trend channel line.
At the moment,
the major risk lies to the downside in wave [c].

Monday;
Watch for wave (iii) to get going with a break below 1880 again.
A break of 1848 will confirm wave (iii) is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil is taking the lead to the downside again.
It seems all is not rosy in the economic garden after all!

I am counting this latest decline as wave ‘iii’ of (iii).
This suggests we are in for a sustained decline next week.

The alternate count for wave ‘2’ has not been ruled out just yet.
And a break of the wave [i] low at 36.40 will likely rule that out for now.

Monday;
Watch for wave (iii) to push below 36.00 again to rule out the alternate count.
Any rally above 38.91 will favor the alternate count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am allowing for a larger wave ‘2’ blue in the S&P and I will see how that fares early next week.

Wave [b] is on track with a three wave decline in place for wave (a),
and a three wave lower high now complete in wave (b).
This pattern suggests wave (c) will drop towards 3250 over the coming days
to complete wave [b].
And that does suggest a further rally in wave [c] of ‘2’ is left next week to complete the larger three wave correction.

Monday;
watch for wave (c) of [b] to push lower again.
I expect a break of 3300 at a minimum to complete wave [b].

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

We have a five wave decline in wave [i] completed off the wave ‘4’ corrective high.
So in the short term the main focus is still to the downside.
The correction in wave [ii] is pretty complicated and hard to get a handle on to be honest.
The action in wave [ii] is very corrective looking indeed,
and we did create a lower high this week.
So all things considered, we are on track for wave ‘5’ to continue lower next week.

Monday;
watch for wave [iii] of ‘5’ to take over on Monday and break 23.10 to confirm the turn is underway.

Here we stand in October 2020 with 3/4’s of the year behind us!
So far this year has delivered in terms of absolute disastrous idiocy and incompetence from the top down.
So I expect the same going forward!

We are in election season,
stimulus season,
Skullduggery season,
riot season,
and of course we got this ccp pandemic running loose!

We got wars and rumor’s of wars, and lawlessness abounds!

Things are getting biblical as they say…….Ezekiel 38/39 anyone.

Roll on the market crash to mix things up a little!

Thanks you all for your patience this week.
Its been interesting thats for sure!

And I pray the Blessings of the Almighty God on you all.
In the name of Yeshua!

Until Monday,
Shalom to you all.