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

3 years ago today, the world took one big step into ww3, and it only got worse from there.

It is a harsh reality to face, but I don’t see a way out for us now. I pray for all those who are caught in this nightmare, that they will come to know the truth of salvation before the worst happens for them.

We all know there is no winner in ww3.

And I think we all know where it ends up, God help us all. May we all live under the protection of the Almighty God from here on.

Ps; take a look at the colors that are mentioned in the book of revelation describing an end time war.

Revelation 9.17;

The horses and riders I saw in my vision looked like this: Their breastplates were fiery red, dark blue, and yellow as sulfur. The heads of the horses resembled the heads of lions, and out of their mouths came fire, smoke and sulfur.

EURUSD

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

despite a new high in wave ‘c’ today,
the wedge pattern has not resolved very well to complete wave (iv) yet.
I am looking for a tag of the upper trend line near 1.0600 to close out wave (iv).
And then we should see a turn down into wave (v) later this week.

I am going to give this pattern another day to see if it completes and then by Wednesday I will look for wave (v) down to begin.

Tomorrow;
Watch for wave ‘5’ f ‘c’ to push up to that upper line near 1.06 and then turn down again by Wednesday.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

The rally in wave ‘iii’ has pushed above the minimum target at 1.2636 again today.
And it seems like there is a five wave pattern in place for wave ‘iii’ now.
Of course I was expecting more in this rally,
and that might still happen,
but I am now looking ahead for a correction sideways into wave ‘iv’ to paly out over the first half of this week.

Tomorrow;
Wave ‘iii’ of (iii) should be complete at todays highs,
and wave ‘iv’ is now expected to correct sideways over the next few sessions.
A three wave move in wave ‘iv’ must hold above the wave ‘i’ high at 1.2550.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

USDJPY is moving pretty correctively to the upside today,
and because of this I am suggesting that wave (c) is still underway here.
Todays move is labelled wave ‘iv’.
And that should lead to a new low in wave ‘v’ of (c) of [ii].

Wave (c) has not reached equality with wave (a) yet,
that will happen at about 146.90.
Once the price hits that level,
then I will look higher into wave (i) later this week.

Tomorrow;
Watch for wave ‘v’ of (c) to drop below 148.00 to complete the larger wave [ii].

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

Another step lower over the last few sessions has opened up the possibility of a reversal pattern again.
A five wave pattern off that recent top has not developed yet.
So this is obviously speculative for sure.
But I am going to follow this action closely to see if an impulsive move lower actually does play out this week.

The market is caught in a sideways corrective style move mostly today.
and this suggests another turn lower will happen out of this correction.
A drop into the lower trend channel line will bring this market back below 43000 again.

Tomorrow;
Watch for a five wave pattern lower to trace out in wave ‘iii’ of (i).

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold is holding near the highs again today and the action continues to get more labored every day.
the idea that a top in wave [b] is forming is not going away.
In fact I suspect the initial move lower into wave (i) of [c] will be quite violent when it does start,
simply because the general narrative is so entrenched in this market.
Gold can do nothing but go up forever,
because of one reason or another you name it I’ve heard it lately.

Lets just forget the fact that the Chinese economy is now firmly in deflation.
That is the second biggest economy in the world,
and that is going to drain liquidity out of global markets for years to come.
That wont have immediate effects here,
but it is a harbinger for a supposed inflation hedge.

Tomorrow;
I am still looking for that initial move lower to begin wave (i) of [c] this week.
A break of 2800 will be a good indication that wave (i) has started.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude is pretty quiet today,
and I am taking this as an indicator of the corrective nature of the action.

I am suggesting that todays move is wave ‘iv’ of (i) correcting higher.
Wave ‘v’ should drop below 69.90 again to complete wave (i).
and wave (ii) is expected to move higher in three waves from there.

Tomorrow;
Watch for wave ‘v’ of (i) to close out with a drop below 69.90.
and then wave (ii) should begin.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

Lets start on the 4hr chart tonight.

I am introducing another idea for the recent months action overall.
Wave (v) of [v] is now shown as an ending diagonal or ‘wedge’ pattern.
The wedge seems to have topped out last week at the highs labelled wave ‘v’ of (v).
The pattern in wave (v) blue also straddled the upper channel line of the larger trend channel for wave ‘C’ red.
this is an interesting feature that I missed previously.
And wave (v) blue reached the 78.6% Fibonacci level of the previous wave (i) blue,
which is also a nice relationship to take note of.

Now we have a pretty impulsive move lower in play off that top.
And this may be wave ‘i’ down in play here.
So I am going to approach this weeks trade on the lookout for an impulsive reversal.

Tomorrow;
Watch for that high to hold at wave (v) of [c] of ‘C’.
And we will know soon enough if the decline from here will build into wave ‘i’ down as shown.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

the pattern in silver is not progressing as I hoped into wave ‘iii’ of (i) yet.
The price did create a small spike lower again today but without breaking the wave ‘i’ low.
And I am looking for a larger move lower into wave ‘iii’ of (i) to play out over the coming days in this scenario.
I am going to stick with the main count again tonight,
because there is no reason to change at the moment.
But I want to see wave ‘iii’ down take over soon to confirm this pattern.

Tomorrow;
Watch for wave ‘iii’ of (i) to fall back below 30.00 in five waves to prove this pattern.