Good evening, and Gods Blessings to you all tonight.

Here is the weekend video I recorded earlier.

Here it goes.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has traced out three waves up off the low at wave [i] today.
I am labelling this wave (a) of [ii],
with waves (b) and (c) left to carry us up to the target at 1.1770.
It is possible that wave [ii] is already complete at todays high,
but we will have to wait and see the early action on Monday to confirm or deny that idea.

Monday;
watch for a corrective lower high in wave [ii] to complete by Monday evening.
This should lead to a further decline in wave [iii] over the rest of the week.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The choppy action in cable today is indicative of a correction in wave ‘ii’ pink.
IF this is correct,
we should see an impulsive decline into wave ‘iii’ of (iii) by Monday evening.
A break below 1.2857 again at the wave ‘i’ low will signal wave ‘iii’ is underway.

Monday;
I expect wave ‘iii’ of (iii) to drop into support at 1.2674 before correcting higher again in wave ‘iv’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The triangle idea which I looked at in the video earlier today has taken a step further towards reality today.
The price has not taken out the wave ‘i’ high yet,
this could still happen for sure,
but I think it worth begin prepared for a larger wave [ii] as shown in the alternate count.

Monday;
If we see a rally back above wave ‘i’ at 105.50,
then we can rule out the alternate count for wave (b) and concentrate on wave (i) up.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The rally today is in three waves to a lower high below wave ‘2’ blue.
This action suggests a corrective lower high in wave (ii) is now in place.
A sharp decline below 28145 again will signal wave (iii) down is underway
and it will rule out the alternate count altogether.

The fact that the price broke below the previous high at 28357 yesterday
does put pressure on the alternate count now.
That caused an overlap of alternate waves (i) and (iv).
The only way the alternate count can be saved now is if wave (iv) develops into a triangle and completes above 28357.
That is a long shot now!

Monday;
Watch for wave ‘i’ of (iii) to push down into that 28145 low at wave (i) again.
Wave ‘2’ must hold.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

We have a three wave rise to a new high today so technically wave ‘ii’ is done!
The only problem is that I don’t like the pattern that has emerged.
But so long as the price continues lower off todays high at 1913,
then wave ‘iii’ of (iii) is in play.

Monday;
Watch for wave ‘iii’ to continue lower and break below 1882 at the wave ‘i’ low to confirm the pattern.
Wave ‘iii’ of (iii) should break below 1848 at a minimum I expect.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is still a toss up this evening between an extended wave (iv) as a triangle,
or a series of impulsive waves to the downside.
The only way to this will be resolved is by seeing which way the price breaks on Monday.

A drop back below 39.27 will signal wave (iii) is underway,
while a break of 41.69 will trigger the alternate count.

We are close to the end of wave ‘2’ even if we take the alternate count as valid.
So I expect the next big move in crude will be to the downside in wave ‘3’ blue.

Monday;
the next move should clarify what interpretation is correct here.
The main count suggests a break below 39.27 in wave ‘iii’ of (iii).

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Another days action which offers very little in the way of clarity in the short term counts.
The price has traced out a three wave rise into todays high,
and so far that fits with a corrective rally in wave (ii) grey as shown.
Only a break to a new high will rule out this count now.

The market has held up well this week for sure,
And that is the single biggest reason for holding onto that alternate count.
But if we see a drop below 3430 again that will favor the bearish count.

Monday;
Watch for a sharp decline to come in on Monday in wave (iii) of [i] and a break of 3430 again to invalidate the alternate count.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The action in silver was very weak and it does suggest that wave (b) of [ii] is still in force.
We did see a new high today above the wave (a) level,
but that does not fit as a typical wave (c) move,
so I expect wave (b) is tracing out a flat correction now,
before popping higher into wave (c) on Monday.

Either way you slice it,
I think we will have a top in wave [ii] soon.
And if we see a drop back below 23.55 early next week,
that will signal wave [iii] down is in force.

Monday;
Watch for wave [ii] to complete at the previous fourth wave high at 24.60.
Wave [iii] down should be ready to fall again then.

Its been a funny week in the markets but I suspect we will get much more clarity next week when a few markets actually settle into their trends.

I will be there God willing, and you too I hope!

May the LORD of hosts Bless you all for the weekend ahead, and I will catch you all again on Monday.

Romans 10.9: If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved.

enda.