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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

WE have a small bounce off the low today but I don’t think the pattern is impulsive just yet.
That can happen tomorrow as wave ‘i’ completes.
I would like to see a break above 1.0550 at a minimum,
and then wave ‘ii’ must hold above 1.0447 to complete a bullish impulse wave.

Tomorrow;
Watch for wave ‘i’ and ‘ii’ to hold above the recent low at 1.0447.
the price must continue higher for the rest of this week to confirm wave (i) up.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

A similar situation in cable tonight.
The move off the lows is looking positive so far.
I think we can even say that wave ‘i’ pink is complete at todays highs.
I want wave ‘ii’ to correct lower and then hold above 1.2036 tomorrow.
And the wave ‘iii’ of (c) should rally back into resistance at 1.2272 again.

Tomorrow;
Watch for wave (c) to trace out five waves up and break above the wave (a) top at 1.2272 again.
1.2026 must hold.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is pretty much flat today after yesterdays shock move.
The price continues to hold below the recent highs at wave ‘3’,
but I can’t confirm that wave [a] of ‘4’ is underway just yet.
I want to see three waves down in wave (a) blue to be more confident in this wave count.

Tomorrow;
Watch for wave (a) to complete three waves down with a break below 147.26.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am counting todays rally as a correction within wave ‘v’ pink.
the high of the session is labelled wave ‘4’ of ‘v’.
So the wave count in wave (iii) requires another drop to break 32800 again in wave ‘5’ of ‘v’ to complete the pattern.
The closer we get to 32400 again the better for the larger wave (iii) count.

Tomorrow;
Watch for wave ‘5’ to turn lower again to break 32800 at a minimum.
I would like to see the recent spike low at 33213 hold as wave ‘v’ completes.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The action in gold was corrective for sure today and I am suggesting that wave ‘b’ of ‘iv’ is complete at the session low.
Wave ‘c’ of ‘iv’ should turn higher again tomorrow and break 1833 at a minimum.
But I can see a rally back into the 1850 level as a good possibility to complete this correction.
WAve ‘v’ will have to wait for a few more days to complete this wave (iii) decline.

Tomorrow;
watch for wave ‘c’ of ‘iv’ to continue higher to finish this correction near 1850 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Something pretty serious is going on in crude oil!

Only a few days ago there were headlines all over the place about $100 oil by Christmas,
now,
maybe that can happen for sure I can’t tell the future!
But this week has been very much opposite to that narrative to say the least!

The price took another nose dive today and I am calling this wave (v) of [i] pretty much complete now.
The internal pattern of wave (iii) is a little suspect,
but that does not rule out the overall interpretation.

If wave [i] down is complete,
then we should expect a three wave correction higher over the coming few session to create a longer term bearish pattern off the top.

Tomorrow;
Watch for wave [i] to close out and then wave (a) of [ii] should turn higher before the end of this week I think.
The initial target for wave [ii] lies at 87.80.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Todays high is close to hitting that previous wave ‘1’ level at 4273 again,
and if that happens I will then consider wave ‘v’ pink as complete at this weeks lows.
The main count has not been ruled out by todays rally,
but I am prepared for the turn into wave (iv) if the rally does continue and break 4273 again.

The ideal target for wave (iii) lies at 4100 at the 162% extension level.
So that remains my favored target for wave (iii).
I will give this pattern another days to see if the market confirms the wave (iv) correction is underway.

Tomorrow;
Watch for wave ‘4’ to hold below 4273.
Wave ‘5’ down should fall back below 4199 again at a minimum.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am looking at a possible flat correction in silver for wave ‘iv’ of (iii) today.
the price is hanging on for dear life above that 19.87 invalidation level again today,
but we are not out of the woods here yet at all.

I am still looking for another step lower to complete the larger wave [c] pattern over the coming days.
So it is still too close to call on this one.

Tomorrow;
Watch for wave ‘iv’ and ‘v’ to complete wave (iii) with a break below 20.67 again.
Watch for wave (iv) to then turn higher again on Friday.