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

I am going to keep tonight’s update short as I am not feeling great to be honest.
The weather has turned in Ireland Big time this week.
It seems like hours have disappeared from the day in a matter of a few days!
The rains are in and its dark and gloomy all over!
and of course the cold and flu season is upon us!
C’est la vie I suppose.
Anyway,
Honey and lemon going to bed I think.
And I will have another video update tomorrow morning and I will be back to form again tomorrow evening with the help of God!

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I think we have five waves up in place for wave ‘i’ pink today and we should see a bullish higher low develop tomorrow in wave ‘ii’.
This pattern suggests next week will be a strong up week if this is correct.

Tomorrow;
So watch for wave ‘ii’ to create a higher low above 1.0447 again.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

WE have a possible ‘i’ and ‘ii’ higher low in place today in cable.
Wave ‘iii’ pink has turned higher again this afternoon.
And we should see further upside into wave ‘iii’ tomorrow if all goes to plan.

Tomorrow;
watch for wave ‘iii’ to push up to the wave (a) high at 1.2272.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

ITs a very strange patter that is developing in wave (a) so far.
The price has held the lower high again today,
but I must admit that wave ‘b’ pink is hard to pin down to be honest.
If the decline continues tomorrow that will signal wave ‘c’ of (a) is underway.

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

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

the market has held below that 33213 level again today and the action is still corrective to the upside.
The wave ‘4’ label seems to fit again today,
and if that is correct,
then wave ‘5’ of ‘v’ should turn lower again tomorrow.

Tomorrow;
Wave for a break below 32800 again to signal wave ‘5’ of ‘v’ of (iii) is underway.
The favored target for wave ‘v’ remains at 32400.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A slight new low today for wave ‘b’ of ‘iv’ but the main pattern remains intact.
Wave ‘iv’ is now tracing out an expanded flat correction.
And wave ‘c’ of ‘iv’ should turn higher again to break 1833 at a minimum.

Tomorrow;
wave ‘iv’ should complete by tomorrow evening if all goes well,
and then next week we can concentrate on completing wave ‘v’ of (iii) back below 1800 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Take a look at the 4hr chart first.
You can see how this weeks rapid decline has not broken that support band between 83.40 and 84.50.
The price is now back below the wave ‘A’ high formed last March!
What a difference a week makes eh!

This weeks declines have almost retraced the whole wave [v] rally.
So I do expect wave [i] down to close out pretty soon.

If the main count is correct,
then we are now heading into a major decline scenario in crude oil in wave (5).
This leg down will pretty much wipe out any idea of inflation in the economy.
And of course the rest of the risk asset complex will follow crude oil down.

Tomorrow;
Watch for wave (v) of [i] to close out pretty soon.
The wave [iv] low at 77.54 will offer significant support.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is acting quite corrective to the upside also today and I am sticking with the idea that this is wave ‘4’ of ‘v’ also.
the preferred target for wave ‘v’ to complete lies a long way down at 4100 so I am not very optimistic that we get there.
We will see soon enough of course.

Tomorrow;

Watch for wave ‘5’ down to turn lower and break the wave ‘3’ low at 4199 again.
4270 should hold at the wave ‘1’ low.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am going with the idea that wave ‘v’ of (iii) completed at todays lows.
And wave (iv) should now correct higher from here.
WAve (iv) must hold below 22.28 at the wave (i) low.
And then the margin for error gets very tight indeed as wave (v) of [c] must complete above 19.90.

Tomorrow;
WAtch for wave (iv) to begin a correction higher in three waves over the coming few days.