Good evening to one and all.

The Lord’s Blessings to you all.

This is a late published update I know, but I wanted to get this out anyway just to keep the sequence of updates intact.

The site crashed last night as I was working on the update so I was powerless to do anything.

I did upload the charts to twitter and a 140 character description of each chart!

I know that is a bad substitute for the larger update, but at least it was possible to see the progress of the wave counts.

I hope this was at some relief to those who managed to see the twitter update.

I think it would be worth saving the twitter link below just incase something like that happens again and I can keep you informed of what is going on!

These crashing events are sometimes out of my control, because the software providers and the hosting providers that I use update code without my knowledge, that can cause conflicts in the website and just crash the site! I am at the mercy of the tech geeks of this world when that happens!

Thank God the guys helping me last night were on the case quickly and fixed the issue.

I will be back again tonight so I will see you in a few hours!

Enda.

https://twitter.com/bullwavesreal

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am waiting for this market to turn off a three wave corrective high in wave ‘b’ of (ii) again today.
So far all we have is a lower high in place off the top.
The price is holding below 1.0594 for a second day now,
this speaks to the corrective lower high idea in wave ‘2’.
so I am still hopeful that wave ‘c’ of (ii) can take over from here and carry us down to that initial target at 1.0222 again over the coming days.

Tomorrow;
the price must hold below 1.0594 again.
And wave ‘3’ of ‘c’ should begin an impulsive decline towards 1.0290.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The decline off the high in wave (a) is not as big as I wanted to see,
but we do have three waves down off the top,
so I am sticking with the idea that wave (a) of [a] is now in place.
In this scenario todays rally is wave (b) of [a].
and the price must return lower again in wave ‘c’ either tomorrow evening or on Friday.

Tomorrow;
Watch for wave (b) to complete below 1.2343.
Wave (c) should fall in five waves again and break below the previous wave (iv) at 1.1900 to complete.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The pattern is USDJPY is following the model quite well today.
Wave (b) of [a] is a three wave structure now,
and the pattern in wave (b) is either a running flat at this evening s lows,
or if we see a break of 135.97 again that will complete an expanded flat in wave (b).

Tomorrow;
Once wave (b) completes with a break of 135.97,
then wave (c) will be free to begin a rally in five waves towards 139.90 again.
Wave (b) must hold above 133.63 at the very lower end.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Todays trade was quiet and pretty uneventful to be honest,
but the action looks quite corrective and this can fit the short term wave count quiet well.
We could view this correction as wave ‘4 of ‘i’,
but I am more interested in the idea that this is only a minor fourth wave correction within wave ‘3’.
In this scenario wave ‘3’ of ‘i’ still has further downside left to complete a five wave pattern.
And then wave ‘4’ and ‘5’ will complete the larger wave ‘i’ as shown.

it is still difficult to be absolutely certain about this count as we do not have a five wave pattern to work with yet.
So the next two days are important in terms of building that wave ‘i’ pattern lower.
And if we do get that bearish pattern in place over the coming days.
then we can begin to set targets to the downside in the larger counts.

Tomorrow;
Watch for wave ‘3’ of ‘i’ to drop once more to complete a five wave pattern internally.
The pirce should hold below 33840 if this count is correct.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has given us a relief rally today out of that wave ‘1’ low created on Monday.
The price action today has extended a correction in wave ‘2’.
And the 50% retracement level of wave ‘1’ has been hit this evening.
I am still suggesting that we need a larger five wave decline in wave ‘c’ as shown.
and this pattern for wave ‘c’ will be confirmed with a break of the wave ‘1’ low at 1766 again.

Tomorrow;
Watch for wave ‘2’ of ‘i’ to hold that lower high and then wave ‘3’ to turn lower again and break 1766 to confirm the larger pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has punched lower again today and this only adds further weight to my bearish outlook here.
Yesterdays spike higher is now viewed as part of an expanded flat correction in wave ‘iv’.
And a new decline today is wave ‘v’ of (i).
The price is holding at the lows forming a double bottom with wave [i] again this evening.
There is some support here for the price,
so it seems logical that wave (i) will complete here too.

The rally into wave (ii) is proving difficult to get going so far.
But if we see a break above the wave ‘iv’ level at 75.52 again that will suggest wave ‘a’ of (ii) is underway.

Tomorrow;
I am looking for that wave (i) low to come in, and now seems a good time to get that going.
Watch for a rally into wave ‘a’ to break 75.52 to confirm wave (ii) has begun.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P put in a very slight new low today and hit the pivot level of two previous corrections.
This level seems to be providing support to the pattern now.
And we do have a five wave pattern complete in wave ‘3’,
so I am suggesting that wave ‘4’ of ‘i’ is now underway.

The pattern in wave ‘i’ is still developing so it is difficult to know how this will play out.
I am encouraged by the fact that the action today is corrective,
and this action is suggesting another move lower is coming our way.

Tomorrow;
Watch for wave ‘4’ to complete below 3983 at the very most.
Ideally wave ‘5’ of ‘i’ should break support at 3859 at the previous wave ‘1’ high.
This is the minimum target for wave ‘1’ down.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Five waves down in wave (i) has given way to a rally in wave (ii) today.
The internal patter of wave (ii) is hard to make out at the moment,
but I will say that the initial rise off the wave (i) low is very overlapping and undecided.
This points to a corrective rally in wave (ii) overall.

The rally today in wave (ii) has broken the previous wave ‘iv’ high,
and we now see the price hitting the 50% retracement level of wave (i).
This is a typical area for a second wave retracement to give up and roll over,
so we will have to wait and see tomorrow if wave (ii) will top out here and wave ‘i’ of (iii) can take the price lower again.

Tomorrow;
WAtch for wave ‘i’ of (iii) to fall back into the 22.00 level again over the coming days.
The price must hold below the previous high at wave ‘4’ in order for this pattern to remain valid.