Good evening to one and all.

The LORD’s blessings to you all tonight.

This is a holiday week in the US with Thanksgiving day on Thursday.
The Markets are closed on Thursday,
so I will be closed that night also!
Fridays will be quiet I suspect with many taking a long weekend.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The low of wave ‘iv’ has stopped at 1.0222 today.
This is far enough for wave ‘iv’ to fall and I really do want to see wave ‘v’ of (iii) come in tomorrow to confirm this pattern.
The minimum target for wave ‘v’ lies at 1.0484 at the wave ‘iii’ of (iii) high.
The 162% Fibonacci extension of wave (i) gives a target for wave (iii) at 1.05 flat.
So there is a bit of work to do here for this count to be confirmed.

Tomorrow;
Watch for wave ‘iv’ to hold at 1.0222.
wave ‘v’ must continue higher to confirm the larger pattern.
A break of the wave ‘b’ high at 1.0388 again will signal wave is underway.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I have simplified the count in cable again tonight as the price turned higher today and saved the previous count for wave ‘i’ and ‘ii’.
Todays rally is not large enough to confirm this pattern yet,
a break above the wave ‘i’ high at 1.1952 will do enough to favor this bullish count for wave (v) of [c].
The minimum target for wave (v) lies at 1.2029 at the wave (iii) high.
But I do expect a rise into 1.2200 to complete the larger pattern in wave [c].
Wave [c] will hit equality with wave [a] at 1.2340 as shown.

Tomorrow;
Watch for wave (iv) to hold at 1.1761.
A break of 1.1952 again will favor the bullish count.
And a break of 1.2029 again will pretty much confirm this wave count.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The action today is enough to consider wave ‘iv’ as complete at todays lows.
Wave ‘v’ needs one more pop above 142.27 to complete wave (c) of [a].

There is a chance that wave [a] is complete at that 142.27 high,
I dont favor that idea,
but we will have to cross that bridge if we come to it.

Tomorrow;
Watch for a possible break of 142.27 as wave (c) completes.
A break of 140.74 at the wave ‘i’ high will in validate this count and signal wave [b] has begun.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Ok maybe I am jumping the gun here,
but after todays trade I am going out on a limb to say that I think we are done with this rally in wave (c) now.

The market has made a new high in wave ‘5’ of ‘v’ of (c).
We have not quite made a new high above the wave (a) level at 34285,
but this pattern already qualifies as a running flat correction in wave [ii].
So from that point of view,
the internal pattern has completed for a running flat correction.
And now I can begin to look lower to begin wave ‘i’ of (iii).

Tomorrow;
Of course now I need some confiming price action to the downside to signal wave [ii] is complete.
that will come with a five wave decline into wave ‘i’.
But an immediate signal will occur with a break of the wave ‘4’ low at 33150.
So that is a level I will keep an eye on for the next few days.

Watch for a drop back below 33500 again to suggest the price is turning down into wave ‘1’ of ‘i’.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is dropping off the wave ‘a’ high today and at the moment I view this decline as wave ‘b’ of ‘b’ in play now.
Wave ‘b’ black should hold a higher low above 1732.
And then the pattern in wave ‘b’ pink requires one more rise back towards 1760 again
this will complete a three wave correction to a lower high in wave ‘b’ as shown.

Tomorrow;
Wave ‘c’ of ‘b’ should complete near target at 1760.
and then I expect wave ‘c’ pink to fall further over the coming days to complete that bullish higher low at wave (ii) later in the week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Todays high came far enough to call wave (iv) complete at the high.
Even at the highs today the price was in danger of breaking the wave (i) low at 84.10.
And a break of that level will invalidate this count.
so we are a little close for comfort in this wave count now.

Tomorrow;
I want to see wave (v) down begin a five wave decline to break 75.30 before the end of this week.
And then next week I will be looking for that all important bearish lower high in wave [ii] as shown.

At this point I still cannot rule out the alternate count for wave [c] of ‘2’.
So if we see a break of that wave (i) low at 84.10 again,
that action will favor the alternate count.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Despite tracking higher today the S&P is still holding a lower high below that wave (ii) high created last week.
So the wave ‘2’ count is still valid here,
and if we do see a reversal tomorrow as suggested in the Dow,
then the bearish count will get a major lift in probability here I think.
I want to see a break of that 3700 area again to really give the bearish count a heavy boost.
But if wave ‘3’ does tuen lower tomorrow and the market can break back into the range of the previous triangle wave ‘b’,
lets say a break of 3860 again,
that will signal wave ‘3’ of ‘i’ is underway.

Tomorrow;
Watch for wave ‘2’ to hold below the recent high at wave (ii) blue.
Wave ‘3’ must now begin an acceleration lower in five waves before the end of this week.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is giving mixed his week,
there is a five wave decline in place off the high,
but I am not sold on the idea that this decline is all of wave [i] down.
I am looking for a break of the 20.00 level again as a main target for wave [i] green.
So that remains untouched at the moment.

There is a chance that wave (iv) has completed an expanded flat correction at todays high.
And if that is correct,
then wave (v) down should continue lower tomorrow to at least break 20.56 again.
I still favor the 20.00 target area,
but 20.56 will be enough to satisfy wave [i] down,
and then we can look towards wave [ii] later in the week.

Tomorrow;
Watch for wave (v) of [i] to make a new low with a break of 20.56 at a minimum.