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

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

The price dropped below the low at wave ‘w’ this evening at 1.1227.
so for the price has rebounded out of the low of the session.
This action is in keeping with the idea of a (b) wave low now forming.
I know this count is strange to say the least,
but is is the best fit for now until the count is invalidated with a break of 1.1186.

Tomorrow;
Watch for wave ‘i’ of (c) to break above 1.1322 at a minimum.
A break of that level will rule out the alternate triangle count.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

We have another possible wave ‘b’ low forming this evening
as an expanded flat correction has hit a higher low this evening above 1.3161.
I really would like to see a rally now in wave ‘c’ to break above 1.33 again to confirm the count.

Tomorrow;
Watch for the wave [i] low to hold again at 1.3161.
Wave ‘c’ should begin a five wave rally back above 1.3300 at a minimum.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The spike higher this evening has confirmed that wave [ii] is still in force today.
the price is now approaching the 62% retracement level of wave [i] again,
and wave ‘c’ is close to filling out the trend channel again.
I suspect we are near to the end of this wave [ii] pattern now.
If this pattern is correct for wave [ii],
then we should see a reversal into wave [iii] by Friday.

Tomorrow;
Watch for wave (c) of [ii] to complete a three wave correction near the 62% retracement level and then return lower again.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I am looking at a possible wave ‘ii’ lower high forming this evening.
This pattern is hinting at a possible wave (i) down forming now,
and suggests that wave ‘iii’ of (i) should begin tomorrow and we may even see a five wave pattern down before the end of Fridays session.

Tomorrow;
I am looking at that 35000 level again as a target for wave (i) of [iii] down.
lets see if the impossible decline into a third wave down can actually become a reality.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The market broke the lower bound of the triangle wave [b] today at 1761.
The decline also looks like a five wave pattern.
I have labelled this as wave (i) of [c].

Tomorrow;
At the moment we have an impulsive move lower out of a triangle in play.
This is a strong hint that wave [c] is now underway,
and with that move,
there is a good chance that Gold will now continue lower into 1700 again and fill that trend channel as shown.

Watch for the wave [b] high at 1791 to hold and wave (ii) to complete below that level again.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

I have had a change of heart on the short term pattern this evening.
the price has failed to accelerate lower into wave ‘5’ down as previously thought.
So now I am looking at wave (1) already complete at the recent lows,
and wave three wave correction higher underway in wave (2) now.
This weeks high is labelled as wave ‘A’ of (2),
and then decline off that high is wave ‘B’ working its way lower.

I am looking for a three wave pattern to complete a higher low in wave ‘B’ sometime next week.
The previous wave [b] low at 65.50 is an initial target.

Tomorrow;
Watch for wave [b] to complete below the wave ‘A’ high.
Wave [c] may even get underway before Fridays trade ends.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P is moving higher in a three wave pattern today.
This pattern is in line with a possible correction in wave ‘ii’ pink as shown.
If I am correct here,
and that is a big if!
Then we may be moving lower into an impulsive decline again next week.
First things first,
this wave ‘ii’ correction must hold below the recent highs.
And the we should see a new five wave decline begin in wave ‘iii’ by Friday evening.

Tomorrow;
Watch for wave ‘ii’ to complete below 4730.
Wave ‘iii’ down will be confirmed with a break of 4600 again.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

That was too close for comfort, and too close to call!

Silver has created what seems to be the tightest double bottom today at 21.43 spot.
The price has spiked higher off that low,
so obviously there are many who believe that level is an orthodox low now in place that that level.

I am not so sure about that to be honest,
The rally off that low is looking quite artificial at the moment.
We may well find that level challenged again soon.
So 21.40 remains the point of no return here!

Tomorrow;
I am not against a rally happening now for sure,
but I want clear confirmation that the low is in now.
And that will come with a clear five wave rally out above 23.00 in five waves again.