Good evening folks and the Lord’s blessings to you.

If we see a big move day tomorrow in any of the markets, then I will update as usual, but as it stands, I will be back again on Friday after the Christmas break.

I want to wish you all a joy filled and peaceful Christmas.

Some people know very little about this yearly celebration, some treat it just as another social occasion.

but,

I want to let you know the real reason for this season – Yeshua the messiah, the light of the world, the lamb of God who takes away the sin of the world, this is the reason we celebrate His birth.

The one who came to offer salvation to the world and to bring humanity back into fellowship with God again through His sacrifice.

So that all who believe on Him shall be saved – He is the real gift of Christmas.

For the wages of sin is death, but the gift of God is eternal life in Christ Jesus our Lord. romans 6.23.

EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

Wave ‘c’ is still in play after a very light trade today.
The price is holding a higher low in wave ‘2’ of ‘c’.
Wave ‘3’ should trace out five waves up overall to hit a high at 1.0628.
And from there I will look down into wave (v) again.

The alternate count shows wave (iv) complete already,
and wave (v) will break to a new low soon in this scenario.

Tomorrow;
Watch for wave ‘b’ to hold at 1.0342.
Wave ‘c’ should continue higher to complete wave (iv) at 1.0628.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable is working its way sideways in wave ‘iv’ pink today.
wave ‘b’ dropped to form a higher low today.
and wave ‘c’ should now turn higher again to break 1.2613 again.
From there wave ‘v’ of (v) will drop to a new low and complete the ending diagonal pattern near 1.2400 again.

Tomorrow;
Watch for wave ‘iv’ to continue higher to complete three waves up above 1.2613.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

A very slight lower high has formed today in USDJPY,
but there is not enough downside yet to confirm wave (ii) is underway.
Wave ‘a’ should drop into about 155.40 to complete.
The target for the larger wave (ii) lies at the 153.00 area again.
That level marks the previous wave ‘iv’ low which should offer support to this correction.

Tomorrow;
Watch for wave (ii) to continue lower as shown in three waves.
If that happens I will turn my attention higher to begin wave (iii).

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

I suspect the DOW is still moving in a corrective pattern higher after todays action.
The price dropped in three waves into todays lows.
And I have labelled this move as wave ‘b’ of ‘iv’,
wave ‘c’ will move higher again to break the wave ‘a’ high at 43200 in this scenario.
That will complete three waves up,
and from there I can look lower again into wave ‘v’ of (i).

Tomorrow;
Watch for wave ‘c’ to ‘iv’ to spike above 43200 to complete this pattern.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold has not shaken off the three wave corrective form off the lows yet.
The main count is looking for a rally in wave ‘c’ of (iv) to break 2725,
but so far there is very little action to support this pattern.
If the price fall back below 2583 at the wave ‘b’ low that will favor the alternate count.
That count shows wave (b) complete at the recent highs.
And I will then start tracking wave (c) down which should break below 2500 again with ease.

Tomorrow;
Watch for wave ‘b; to hold at 2583,
Wave ‘c’ must continue higher and break 2666 to confirm the pattern.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude came close to invalidating the current count for wave [ii] today.
The rebound this evening has saved the count for now,
but wave ‘c’ of (c) must now move higher tomorrow to break 71.45 to save this pattern.
If the price falls into the 67.00 area again I will be forced to rethink this idea for wave [ii].

Tomorrow;
for the moment I can stick with the main pattern,
we must see a rally in wave ‘c’ of (c) as shown.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

the main pattern for wave (ii) is holding today after a three wave drop in wave ‘b’ early in the session.
The rebound is shown as the beginning of wave ‘c’,
and this pattern should top out at about 6000 again in the coming days.
A lower high wave (ii) at the 78.6% retracement level gives us a target at 6036.
The market will be very close to a new high from there,
so I am aware that this count is really too close to call.

Tomorrow;
Watch for wave ‘b’ to hold at todays lows.
Wave ‘c’ will complete the correction near 6036.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver is holding pretty flat today off that possible top at wave ‘iv’ pink.
A new drop in wave ‘v’ should follow from here,
and the price should break below the wave ‘iii’ low at 28.74 to complete wave ‘v’ of (i) as shown.

Tomorrow;
Wave ‘v’ must begin soon and fall back below the wave ‘iii’ low to complete five waves down.