Good evening to you all, and may the Lord bless you all tonight.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

I am hanging onto this count by the skin of my teeth now!

The price is slightly higher this evening after creating a higher low in wave ‘ii’ today.
As long as the price holds above the wave (b) low at 1.1227 this count is valid.
And if we see a break above 1.1383 on Monday then I will be much more confident that EURUSD is finally turning higher.

Monday;
Watch for wave ‘iii’ of (c) to continue higher and confirm wave (c) with a break of 1.1383.
Wave (c) should rise into the upper trend line to complete wave (c).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Baby steps higher are starting to tilt the balance in favor of this wave [ii] count now.
The price broke above the wave ‘iv’ high at 1.3262 this evening,
which is another little hat tip in favor of the count.
I would like to see wave (a) really take control on Monday and carry the price back towards 1.34 again.
Three waves up is what I am looking for in wave (a).

Monday;
Watch for the low at 1.3161 to hold and the price should continue higher to complete three waves up in wave (a).

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is moving lower again this evening which has at least kept the short term count alive.
So far the decline is in three waves.
A five wave decline must build to the downside from here,
I am labelling todays decline as wave ‘iii’ of (i).
Wave (i) should break the low at 112.53 to complete.

Monday;
Watch for wave [ii] to hold at 113.95.
Wave (i) must continue lower.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The bearish count is still in play tonight,
even if the price made a slight new high in wave (c) at the session high. The price is holding the lower high at wave [ii],
so wave [iii] down is next on the list.

I really want to see a decline in five waves from this point to begin wave [iii] down early next week.
Wave (i) should fall back into the price territory of wave (a) at 34750.
so lets see if next week brings on the reversal off this lower high.

Monday;
WAtch for wave (c) of [ii] to top out and then reverse into wave (i) down.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has completed one more lower high today and so far this fits the idea of a triangle in wave [b].
To confirm wave [c] has begun the price must fall below 1762 again and then we can expect a five wave decline into the 1700 level again over the coming week.

Monday;
WAtch for wave (c) to hold at 1793.
Wave (i) of [c] should break 1762.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is a little lower today and I have labelled this as a possible [i] [ii] decline to begin wave ‘5’.
But at the moment this action is not enough to confirm anything.
We will have to wait for further declines next week to confirm wave ‘5’,
and the key level to watch in that scenario is 65.50 at wave [b].

Monday;
73.00 should hold as wave [ii] completes.
Wave [iii] down is next.
Watch for wave [iii] of ‘5’ to continue lower and break 65.50.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P has created a three wave pattern in a corrective channel today.
And so far the market has spiked higher off the low.
This action suggests wave ‘5’ of ‘v’ is now underway.
And the minimum target for wave ‘5’ is a break of the wave ‘iii’ high,
so wave ‘5’ can top out below 4750.
we will know soon enough if the pattern has enough momentum to carry up into the upper trend line or complete at a minimum target.

Monday;
watch for the price to push to a new high in wave ‘5’ of ‘v’.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

The price has failed to break the 21.40 low this week.
That is a good sign,
but it is still too close to call here.
it only takes a small decline to break that level and then Silver is in trouble in terms of the larger pattern.

Monday;
21.40 must hold that is an absolute imperative!
Watch for wave [ii] to hold at 21.86 and then rally hard next week into wave (i) of [iii].