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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Last nights lower high in wave ‘ii’ is holding today and the price has turned lower again.
There is no confirmation of wave ‘iii’ down yet.
That will come with a break below 1.0495 at the wave ‘i’ low.
the minimum target for wave ‘iii’ remains at 1.0447 again.

Tomorrow;
Watch for wave ‘ii’ to hold and wave ‘iii’ down to continue lower to break 1.0447 in five waves.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

cable is lower again today and wave (ii) blue is holding.
Wave (iii) down has not been confirmed here either,
but I will stick with the main wave count for the moment.
If we see a break below 1.2121 again that will signal wave ‘iii’ of (iii) is underway.

There is a possibility that wave (iii) is still underway here also.
This is the alternate wave count now.
Wave ‘b’ of (ii) can be viewed as a triangle pattern.
And if this count is correct,
then wave ‘c’ of (ii) will run higher to break 1.2220 again later this week.

Tomorrow;
Watch for wave ‘iii’ of (iii) to confirm this wave count by fall back below 1.2121 again.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I am struggling with this wave count for wave (b) this week.
The price has moved to a very slight new high today and that just makes the pattern even more of a mystery here!
The overall action is still corrective to the upside.
And we still have three waves up.
So,
I am thinking about an expanding wedge pattern for wave ‘c’ of (b) as an explanation for the action now.
That will allow for a new high in wave ‘c’ of (b) to complete the pattern.
Wave (c) should begin by Fridays evening even in this new wave count.

Tomorrow;
Watch for wave ‘5’ of ‘c’ of (b) to close out and then reverse into wave ‘i’ of (c).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I really am in a waiting mode this week with patterns failing to kick off all over the place!

The Dow has turned down at last today.
At least the wave ‘iv’ count is a little safer this evening as the market pulls away from that invalidation level.

The pattern of that decline is still a bit messy to be honest.
I am going to allow even more time for this decline to develop into a possible wave ‘1’ of ‘v’.
There is still a chance that the action will clear up and take a more impulsive form.

Tomorrow;
Watch for wave ‘iv’ to hold and wave ‘1’ of ‘v’ to fall back below 33450 again to signal the pattern in wave ‘v’ is underway.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Wave (iv) took the more simple formation today after my thoughts on a larger correction last night were foiled!
The rally today is in five waves.
and that completes wave ‘iii’ of (v) at the high.
Wave (v) of [i] is very close to completion now,
and may I even suggest that wave [ii] will begin before the end of this weeks trade.
The rally in wave [i] look pretty extended now.
And there is a need for a correction to take some steam out of the action.
Lets see if that wave [ii] can begin before tomorrow closes.

Tomorrow;
Watch for wave ‘v’ of (v) of [i] to pop above 1962 again.
Wave (a) of [ii] should then turn lower to break 1908 again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Wave (c) topped out today at 88.55 and then we got a nice sharp move lower off that top.
Wave [ii] now has a completed internal pattern as a zigzag correction.
The test now comes for this pattern now, in the strength of the reversal off the top.

Wave (i) of [iii] down should retrace most of the wave (c) rally over the next few days.
But if we get a break of 84.40 again at wave ‘iv’ pink that will be a strong signal that wave (i) of [iii] has begun.

Tomorrow;
Watch for wave ‘v’ of (c) to hold at 88.55.
Watch for a break of the wave ‘iv’ low to give this pattern a boost in probability.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The market has turned down again today off that wave ‘2’ high formed yesterday.
The price is close to hitting that wave ‘1’ low this evening again.
A break of that level is the first step towards confirming wave ‘v’ down.
But we will need to see a larger acceleration lower into wave ‘3’ of ‘v’ over the next few days to really favor this count.

Tomorrow;
Watch for wave ‘3’ of ‘v’ to fall back below 4267 again.
If that happens,
the action will favor the main count again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has topped and reversed with some real strength behind the move tonight.
The rally this week in wave ‘v’ has almost gone too far, and too fast now.
And we might see a more substantial correction in wave (ii) because of that.
We will have to wait a few days to see what pattern wave (ii) will follow.
We should see a three wave decline in wave (a) to break 22.00 again.
Let this be an initial target for wave (a).

Tomorrow;
Watch for wave ‘a’ of (ii) to drop off in three waves towards the previous low at 21.74 again.