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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Its reversal day today!

EURUSD quickly dropped to create a higher low this morning,
that was enough to complete wave ‘ii’.
the price then rebounded off the lows and now we are into wave ‘iii’ up.
This action is in line with the expected wave count,
but I can’t confirm wave (i) up just yet.

Monday;
Watch for wave (i) to continue higher in five waves over the coming few days.
Wave ‘iii’ of (i) must break above 1.0616 at a minimum.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Its a very similar pattern operating in cable today also.
I am looking for five waves up in wave (c) over the next few sessions.
And the target for wave (c) lies in the area of 1.2400 again.
the wave count for wave (c) has not been confirmed yet either.
So I want to see wave ‘iii’ of (c) to continue higher on Monday.
A break of 1.2273 at the wave (a) high is the initial target level.
Then later in the week I will look for wave [v] to turn lower again.

Monday;
Watch for wave ‘iii’ of (c) to break above 1.2273.
Five waves up should complete near 1.2400.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

the pattern in wave ‘b’ is a clear as muck as the say around these parts!

WE do have a possible three wave pattern higher in place at todays highs.
That is enough to complete wave ‘b’,
If this is correct,
then wave ‘c’ should reverse again and fall to break 147.23 again.
Wave ‘c’ should begin on Monday,
and then once we see a completed wave (a) down in place.
the rest of the week should be pretty choppy into wave (b) of [a] as shown.

Monday;
Watch for wave ‘c’ to drop back below 147.00 to complete a three wave pattern in wave (a) blue.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

After todays sharp rally I am rethinking the overall pattern in wave (iii) blue.
I think the action over the last few sessions fits a possible wave ‘iv’ of (iii) correction higher.
When you look at the 4hr chart it makes more sense to suggest that wave (iii) is still underway here.
you can see a cleaner pattern into this weeks lows to complete wave ‘iii’ of (iii).
And now a three wave correction higher into wave ‘iv’ has taken over.
Wave ‘iv’ may even be complete at todays highs.
And if this pattern is correct,
the market should turn lower into wave ‘v’ of (iii) on Monday again.

Monday;
Watch for wave ‘iv’ to top out and fall back into wave ‘v’ down.
A break of the 33160 level again will signal wave ‘v’ is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold had a nice little pop today also and that brings the action back in line with the wave count in wave ‘iv’ again.
The price has reached the minimum target for wave ‘c’ this evening by breaking the wave ‘a’ high at 1833.
I think wave ‘c’ of ‘iv’ is close to completion now,
and wave ‘v’ should turn lower early next week.

Monday;
Watch for this correction in wave ‘iv’ to complete then reverse into wave ‘v’ again by Monday evening.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude oil managed a very slight new low today in wave (v) of [i] and the market has not made any attempt to rally off the lows yet.
I am looking for wave [ii] to begin early next week,
and the initial target for wave [ii] lies back near 88.00 again.
If we see a break above the 85.00 handle again that will suggest wave (a) of [ii] is underway.

Monday;
Watch for wave (a) of [ii] to rally back into 85.00 to signal the larger correction has begun.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

I am torn between the main count and the alternate on the hourly chart tonight.
Its a similar situation to the Dow now after that sharp rally today.
WE can view this in two ways.

This could be a straight forward rally into wave (iv) blue that was on the cards over the last few days anyway.
Or,
this correction may also be only correcting at one degree lower in wave ‘iv’ of (iii).
Both wave counts are correct to be honest.
But it remains to be seen which one will be confirmed next week.

Monday;
Watch for this rally to be very short lived.
Wave (v) blue should retrace all of that rally and more as the days go on.
The minimum target for wave (v) is a break of 4200 again at wave (iii).
But I would like to see this decline fall into that preferred target at 4100.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has crawled out of the woods today and the price is now a safe distance from that long term invalidation line at 19.87.
But,
I do believe this rally is corrective in wave (iv).
and wave (v) of [c] should fall back below 20.66 again over the coming days.
That is the minimum target for this next decline
And wave (v) should complete by the middle of next week if all goes well.

Monday;
This count will be safe as long as the price holds above 19.87.
A break of that level and silver gets into a very dangerous scenario again.

Watch for wave (v) down to trace out five waves down from here.
A break of 21.00 again will signal wave ‘i’ of (v) is underway.