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

Credit card spending is collapsing faster than during covid!!!

Ikea Plans Worldwide Price Cuts After Warning: “Time To Buckle Up”

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Ok,
another dip in EURUSD today and I am suggesting waves ‘i’ and ‘ii’ are complete at the session high at 1.0558.
The size of wave ‘ii’ is relatively small in comparison to wave ‘i’.
but as long as the price continues lower on Monday then this count is valid.

There is a chance that wave ‘i’ is only now completing,
and wave ‘ii’ is yet to come.
We will know early on Monday if we see a larger corrective rally back above 1.0558.

Monday;
Watch for that wave ‘ii’ high to hold.
Wave ‘iii’ of (v) of [c] to continue down to break 1.0447 at a minimum.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I can see a well defined five wave decline into todays lows in cable.
That completes wave (i) down,
and now wave (ii) should correct higher in three waves from that low.
I am looking at that wave ‘iv’ high at 1.2225 as an initial target for wave (ii) to complete.
Wave (ii) should complete by Monday evening.
And then wave (iii) down will be set to turn down again towards 1.2000 later next week.

Monday;
Watch for wave (ii) to trace out three waves up towards 1.2225 again.
Wave (iii) of [v] will carry us back to a new low for this decline.
I suspect we will see a completed pattern in wave ‘1’ red by the end of next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The pattern in USDJPY lives to fight another day!
Although the price did not fall into wave ‘c’ like I expected,
I am still allowing this pattern time to play out before switching up to a new idea here.
We do have a three wave rally in place into this weeks highs,
and that does fit well with the ‘b’ wave label.
So I will just wait until next week to see if this idea is proved right or wrong.

Monday;
Watch for wave ‘c’ of (a) to fall in five waves from here.
A break of 148.17 again will signal this pattern is correct.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Its been a pretty frustrating week here to be honest.
But,
the main patterns have not been invalidated yet even though the market rallied more than expected.

This weeks rally came to a hard stop yesterday and reversed off the high in a nice impulsive manner.
and we have a possible wave ‘2’ lower high in place this evening.
And again,
another spike lower to finish the week.
I can’t prove this is the beginning of wave ‘v’ of (iii) just yet.
but if we get a follow through on Monday to break 334560 again that should be enough to confirm wave ‘v’ is underway.

Monday;
Watch for wave ‘3’ of ‘v’ to turn lower and fall into the support level at 32800 again.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Well I think todays trade is enough to confirm the alternate count now.
That rally came in like a rocket and now the price has retraced most of the previous decline.

I am now counting this rally as an extension in wave ‘iii’ of (iii) of [i].
There will be a pull back in this pattern into wave [ii] in about a week or ten days.
and once that happens we can look for an entry point for the long term rally in wave ‘3’ red at one higher degree.

At this point it looks like gold is on the verge of confirming the larger bullish count.
We are not there just yet.
But soon we will have a higher low in wave [ii] of ‘3’ and this market will be positioned well for a large acceleration.

Monday;
Watch for wave [i] to complete over the next week as shown.
Wave (iii) of [i] should be done by Monday evening.
And then a correction into wave (iv) will come.
this new count will remain valid as long as the wave (i) high holds at 1865.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

We have a three wave rally in crude that has pretty much completed at todays highs.
The price has just broken above the wave (a) high this evening.
And now the trend channel is almost closed.
We will probably see another high on Monday to hit the 50% retracement level.
Once we get there I will switch focus to the downside again to begin wave (iii) down.

Monday;
Watch for wave (c) of [ii] to complete near the 88.00 handle.
This three wave pattern in wave [ii] should lead to a reversal into wave [ii] later next week.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is closing lower this evening after completing a three wave pattern to a lower high in wave ‘2’.
The market may well be starting a longer decline into wave ‘3’ of ‘v’ this evening.
and if this pattern is correct here,
then wave ‘3’ will fall back below the wave ‘b’ low at 4267 early next week.
A break of that level will confirm this pattern for wave ‘v’.
and at that point,
the lower target for wave (iii) blue will come back into favor at 4100 again.
One step at a time.

Monday;
Watch for that wave ‘2’ lower high to hold.
wave ‘3’ of ‘v’ should continue lower for Monday and Tuesday.
A break of 4267 again will favor this wave count.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have switched to the bullish count in silver tonight.
the rally has gone far enough today to rule out a corrective pattern higher.
I do suspect we will get a sharp correction lower again next week.
But this should be in wave (ii) of [i] of ‘3’.
And this correction should form a higher low near 21.50 as shown.
At that point I think silver will be in a prime position to accelerate higher again for a longer term rally.

Monday;
Next week is looking very promising again for Silver if this pattern holds.
Watch for wave (i) to complete early next week and wave (ii) should fall in three waves towards 21.50 by the end of the week.