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

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD has made an attempt to break out to a new high for wave (c) today,
but the price is still holding about 30pips below the minimum target for wave ‘v’.
I am going to allow another session for this pattern to complete seen as we are so close to hitting the minimum target here at 1.1017
Once wave [b] actually completes tomorrow I suspect we will have to wait for another few sessions to turn this pattern lower agian into wave (i) of [c].
so later next week will be the time to begin looking for wave [c].

Tomorrow;
Watch for wave ‘v’ to complete above 1.1017.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable has rebounded slightly today but so far this action does not damage the main count yet.
The small rally today is viewed as a possible correction within wave ‘iii’.
and wave ‘iii’ down should turn lower again tomorrow and complete five waves down near that 1.2500 handle again.

Tomorrow;
Watch for wave ‘iii’ to continue lower and hit the previous wave (iv) low near 1.2500 in the coming days.
The wave ‘ii’ high must hold.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY took another step lower today to suggest that wave ‘iii’ of (iii) is now underway.
This wave should break below the wave (i) low with ease.
And when that happens,
then we can confirm the larger wave [c] count.

Tomorrow;
WAtch for wave ‘iii’ of (iii) to break 140.93 to confirm the larger wave [c] count.
The price must hold below 143.96 at the wave ‘ii’ high.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW moved sharply lower yesterday back off that all time high at wave (B).
That initial move off the high is impulsive looking for sure.
The action today must form a corrective lower high and then turn lower again in order to raise the possibility of a final top for wave (B),
and the beginning of wave (C).
So we are so early in this possibility here that I need to wait for a follow through to the downside in order to get my hopes up!
Lets see if tomorrow can bring that continuation lower that the pattern requires.

Tomorrow;
Watch for the pattern to take another step lower towards the initial support at 35960 at wave [iv].

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

The market has been dead in the water today so I am not finding much to go on here.
The new pattern for wave ‘b’ is still in play here and that calls for a drop into the 2010 area to complete three waves down in wave ‘b’.
Wave ‘c’ of (ii) should turn higher again before Friday with a minimum target above the wave ‘a’ high.

Tomorrow;
Watch for wave ‘b’ to complete as suggested,
then wave ‘c’ will be set to turn higher again.

If the price turns higher again tomorrow and breaks wave 2047 that will suggest wave ‘c’ has started.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

The market continues to move sideways today and with that I am looking at the possibility of a barrier triangle for wave ‘b’.
The outcome should remain the same for wave (ii) though.
And wave ‘c’ of (ii) should move higher towards 2077 again at the 62% retracement level.

Tomorrow;
Watch for wave ‘b’ to complete above 2028 again.
Wave ‘c’ of (ii) is expected to continue higher in five waves as shown.
Wave (ii) should complete next week when the market reopens after Christmas.
and then I will be looking for wave (iii) down to begin.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Crude oil dropped again today to complete three waves down above the wave (b) low at 72.12.
And now this evening we have a rebound off the session low wo signal wave ‘iii’ of (c) has begun.
Wave ‘iii’ should rally back towards 77.00 again.
And the larger wave (c) should complete five waves up next week nearer to 79.00 again.

Tomorrow;
Watch for wave (b) to hold at 72.12.
WAve ‘iii’ of (c) must continue higher as suggested.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

I have moved this wave count up by one degree today to bring the short term chart in line with the 4hr chart.
This doesn’t change anything in the outlook for the pattern at all.

Wave ‘ii’ is still in the process of tracing out an expanded flat correction today and the small new high in wave ‘b’ does not change that I think.
Wave ‘c’ of ‘ii’ should fall again tomorrow with an initial target at 23.64 at the wave ‘a’ low.
After that happens,
then I will look higher again into wave ‘1’ of ‘iii’ of (iii).
But I suspect we will have to wait until late next week fo that to begin.

Tomorrow;
Watch for wave ‘ii’ to complete with another drop into 23.60 to complete the pattern.