Good evening to one and all.

The LORD’s blessings to you all tonight.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I was looking at the wave ‘b’ low as a possible target for wave ‘3’ of ‘c’,
and after todays extended decline we are almost there.
Wave ‘3’ has not completed a five wave internal pattern yet,
but if the price does drop into 0.97 again that will solve that problem.
After that I will look for a correction higher into wave ‘4’,
and then a final decline into wave ‘5’ to complete wave ‘c’ later next week.

Tomorrow;
WAtch for wave ‘3’ to find support at the wave ‘b’ low of 0.9704.
I will then look for a consolidation into wave ‘4’ as shown.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable turned lower with the same acceleration we saw in EURUSD today.
and now I think we can confirm the new count for wave (c) of [b].
Just like EURUSD,
I think this wave ‘iii’ down will find support near the previous weave ‘b’ low at 1.1060.
And then wave ‘iv’ will take over to correct sideways for a session,
and the wave ‘v’ down will reach into the target at 1.0920 at the wave (a) low next week.

Tomorrow;
WAtch for wave ‘iii’ to complete and then a correction to begin into wave ‘iv’ before the end of the session.
Wave ‘v’ will have to wait until next week.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is heading the right way in line with the current wave count,
And I still suspect the minimum target for wave (c) lies at 148.86.
But the internal overlapping that is happening in wave (c) today has opened up another possibility for wave (c) to complete.

The rally in wave (c) may be tracing out a type of wedge pattern where wave ‘iv’ and wave ‘i’ can overlap.
And if this is the operating pattern in wave (c) here,
I suspect wave (c) will not break mush higher than the minimum target at 148.86.
I will see how this goes tomorrow,
but I do think we are very close to a top in wave (c) now.

Tomorrow;
Watch for wave ‘v’ to hit the target at the wave (a) high and then turn lower again into wave (i) of [c].

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Todays session low broke the previous triangle low at 31850 today,
I did mention this level as a good start for a reversal pattern to hit.
And that low has proved a temporary support for the market.
I have labelled this low as wave ‘1’ of ‘i’ and the bounce off that low as wave ‘2’.
So if this pattern is correct,
We should see a decline into wave ‘3’ of ‘i’ tomorrow.
Wave ‘3’ should break the previous wave ‘a’ high at 30840 or there about,
and then a further correction should occur in wave ‘4’.
It seems we will not see five waves down in wave ‘i’ until the middle of next week.
Ideally,
wave ‘i’ should retrace all of the wave ‘c’ rally that we just experienced.
We will see how that goes next week.

Tomorrow;
Watch for wave ‘3’ of ‘i’ to turn lower again and fall into the next support level at 30840 again.
A break of the wave ‘i’ low at 31708 again will signal wave ‘3’ has begun.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

I am looking at a possible wave ‘i’ and ‘ii’ complete in gold today also.
The price hit a low at 1617 again to create a triple bottom in the pattern since late September.
This low was enough to give the price support in the short term,
as a bounce began off that low today.
and now I want to see a correction in wave ‘ii’ hold this lower high near 1630.
Wave ‘iii’ of (v) should begin again tomorrow and drop towards the lower trend channel line in the area of 1570.

Tomorrow;
Watch for wave ‘ii’ to complete early tomorrow and then drop back below 1617 again to confirm wave ‘iii’ of (v) is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is stuck in indecision these days.
The pattern within wave (b) is less than perfect,
but the price is holding a lower high below the wave [a] top.

The decline today is also less that perfect,
and I cannot confirm wave ‘i’ of (c) is underway yet either.

Overall I do still favor this count as the best fit for the current action.
So it seems we will have to wait until next week for wave (c) to materialise into a five wave decline.

Tomorrow;
Watch for ‘i’ of (c) to take control of the action and fall back below 84.80 to signal wave (c) is underway.
Wave (b) must hold at 89.76.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P seems to be one step ahead of the DOW today as we have a possible wave ‘3’ low already in place at todays low.
Again the price broke the previous fourth wave low within wave ‘c’,
and takes care of the initial support level,
the market is holding below that level tonight.

Wave ‘4’ is underway off that low and we should see a three wave pattern higher into the 3770 area to complete.
WAve ‘5’ is expected to drop again and achieve a full retracement of the wave ‘c’ rally by breaking 3630 again.
Five waves down is key here as always,
and until that happens there will be a level of doubt to the bearish pattern.
But for the moment all seems to be on course here.

Tomorrow;
Watch for wave ‘4’ to complete a retracement higher in three waves near 3770.
A drop into wave ‘5’ may even begin before the trade closes for the weekend.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I am watching a (i) (ii) pattern develop in silver also today.
the price has fallen far enough off the top at wave [ii] now to consider wave (i) of [iii] complete at the low today.
The rebound off the low is considered a second wave correction higher,
and we should see an extended decline into wave (iii) over the coming days as shown.

Tomorrow;
Watch for wave (ii) to top out very nearby.
Wave ‘i’ is expected to fall back below 18.76 again to signal wave (iii) is underway.