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

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

EURUSD is in the process of tracing out three waves down today,
and I am suggesting that this is wave 'ii' in play here.

Wave 'a' and 'b' of 'ii' may be complete at todays lower high,
and wave 'c' is left to complete the correction.

Tomorrow;
WE should see an end to this correction in wave 'ii' by Monday at the latest near 1.0300 again.
And from there I will look higher into wave 'iii' of (iii).

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

Cable may have completed its second wave correction at todays lows.
The price has rebounded off the session low quite well.
and this should lead to a rally in wave 'iii' of (iii) also over the coming week.

Tomorrow;
Watch for wave 'ii' to hold at 1.2360.
Wave 'iii' of (iii) will continue higher and accelerate if this count is correct.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

Wave 'iii' of (c) is close to completing a five wave decline now.
Wave 'iii' will reach equality with wave 'i' at 150.76,
although I would like to see a little more in wave 'iii'.
The overall target for wave (c) lies at 148.50.

Tomorrow;
Wave 'iii' should complete and then wave 'iv' can begin to consolidate sideways on Monday.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Three waves up to fail at the highs,
and now a decline to finish the day.
The action is just playing with me now!

I want a solid impulsive decline to break back below 42000 again to give the major reversal idea an actual chance to take hold.
For the moment the wave count is being frustrated by a seemingly undefeatable optimism.
We will see how long that lasts.
At the moment We have to failures below the high.
so there may be a change of heart in the making here.

Tomorrow;
Lets see if this rejection takes hold with a continued decline in wave 'i' pink.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

A small wobble today saw the price drop below the first channel line.
There is more work to be done here to convince me of a definite reversal into wave (i).
A break of 2700 would do that.
That seems like a long way down from here,
but I must admit,
the headlines that are coming out about this gold rally tell a story of a really mature rally.
Everyone feels happy about predicting higher prices,
after an extended rally has already happened.
Some things never change.

I am waiting to see a headline like this next, 'gold rallies on climate change relief hopes'

Tomorrow;
Watch for a move back below 2800 to signal wave 'i' of (i) is underway.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude has made a new low today but I am still suggesting this action is part of wave (ii) blue.
Wave (ii) is now labelled as an expanded flat correction,
and wave 'c' of (ii) will push back above 73.10 to complete this pattern over the coming days.

Tomorrow;
watch for price to turn higher and break 71.00 to signal wave 'c' is in play.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The lower highs continue today with this wave '2' idea.
OF course the market has not given any hint that this count will hold.
And it can easily be taken out with a rush of enthusiasm.
So I am witholding judgement here for the moment.

Tomorrow;
Lets see if the market will challenge the wave '1' lows again to give a life line to my enduring bearish outlook.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

Silver has dropped off the top formed this week at wave (c) of [ii].
This is not enough yet to confirm anything.
And like many markets tonight,
The potential is there,
but no evidence yet of a drop into wave (i) of [iii].

tomorrow;
A break of the wave (a) high at 30.97 again will favor the wave (i) idea.