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

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The idea of a ‘1’ ‘2’ decline to begin wave ‘i’ pink is still in play tonight.
The price is holding a lower high in wave ‘2’ again this evening,
and todays low did break below the previous wave ‘b’ and wave ‘1’ highs.
This is a subtle hint that the price is turning lower again.

Tomorrow;
Wave ‘3’ down should continue lower towards the 1.0600 level tomorrow to confirm this pattern.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has all but retraced last weeks rally into wave (c) of [iv] now.
And I do think that decline off wave [iv] is impulsive.
WAve ‘i’ and ‘ii’ are in the process of creating a lower high to begin wave (i) of [v] now.
And I want wave ‘ii’ to finish up tomorrow so we can see that larger turn down into wave ‘iii’ of (i) by Friday.

Tomorrow;
Watch for wave ‘ii’ to complete a corrective lower high i the area of 1.2340 again.
WAve ‘iii’ down should break below 1.2200 at a minimum.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

I knew the turn lower in the Atlantic pairs would put pressure on this wave count this week.
And now we have a larger than expected retracement in wave ‘b’ of (a) tonight.
I am going to stick with this count until we get invalidated with a break of 151.71 again.
I still think this expanded wedge up into the previous high is a good explanation of the action.
But I will be proved wrong with a break to a new high.
And at that point I will be forced to start again.

Tomorrow;
Wave ‘3’ must hold at 151.71.
Wave ‘c’ of (a) will be confirmed with a break of the wave ‘a’ low again at 149.20.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The Dow is again pretty weak this evening with a small spike lower to fall back into the range of this weeks action.
I have elaborated on the internal wave count for wave (c) of [ii] now.
This count has not been confirmed yet because there has been no impulsive reversal off that top yet.
But,
like I said last night,
we are in a perfect area for a reversal pattern to begin now.
and we have weakness at the previous fourth wave high.
So I will give this wave (i) down idea some room to develop again tomorrow.
If we do see another step lower towards 33500 lets say,
then we will have something to work with to make some projections i wave (i).

Tomorrow;
Watch for wave ‘i’ of (i) of [iii] to fall again into that 33500 area in five waves.

GOLD

GOLD 1hr.

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GOLD daily.

Gold came down again today and broke below the lower trend channel line again.
The pattern off the top is in three waves for sure,
but wave ‘c’ of (a) has extended a little now.
This evenings low has hit the previous wave [b] high at 1947.
And that level is offering some support to the price now.
I can also see a clear five wave pattern in wave ‘c’ of (a) now.
And at this point I can start looking for wave (b) to begin as shown.

Tomorrow;
watch for wave (b) to turn higher in three waves for the rest of the week.
A break of 1970 again will signal wave (b) has begun.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

that really is quite a decline in crude oil we have now,
when a third of a third decline takes over its hard to stop.
And todays action just stepped lower again without an answer!
I do think we have completed a five wave pattern in wave ‘iii’ of (iii) now.
So I will be looking for a correction higher into wave ‘iv’ of (iii) for the rest of this week.
Wave ‘iv’ should hit the 78.00 area after a three wave rise.
And then next week we can look lower again into wave ‘v’ of (iii).
the 172% Fibonacci target for wave (iii) lies at 73.10,
thats the initial taret level for wave (iii) to complete now.

Tomorrow;
Watch for wave ‘iv’ to turn higher in three waves over the next few sessions.
The wave ‘i’ low at 80.13 must hold as wave ‘iv’ develops.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

A little weakness in the action in the S&P also today.
There is very little to go on here though.
The price continue to range pretty tightly at the top this week,
and I am forced to wait for some defining action to lead the way to the correct wave count.
The main reason I am suggesting that wave [ii] is close to done here is the fact that the rally has reached the typical target level for a second wave at this high.
It remains to be seen if I am correct here,
or totally off the mark!
But at this point all I can do is wait.

Tomorrow;
Watch for wave ‘i’ down to make an attempt at breaking lower out of this holding pattern.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

That rally today has opened up another possibility for the pattern here.
I have relabeled the action in wave (i) and (ii) now with this new pattern.

Wave (i) is shown complete with a failed fifth wave at 23.59.
Wave ‘a’ of (ii) then turned lower off that level in three waves.
And wave ‘b’ of (ii) turned higher with that spike today.
I am looking for three waves up in wave ‘b’.
and then a new decline next week into wave ‘c’ of (ii).
Wave (ii) has a target at the 62% retracement level to complete now.

Tomorrow;
Watch for wave ‘b’ of (ii) to trace out three waves up to complete below 23.30.