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



EURUSD


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The action is sufficiently tight today to try that contracting triangle for wave '4' of 'c'.
The high today did not break above the wave 'a' top at 1.0532 yet,
so I am looking for another pop in wave '5' of 'c' tomorrow to complete three waves up.
And from there I will look for a turn into wave (v) again.

Tomorrow;
Watch for wave 'c' to complete with a break above 1.0532.


GBPUSD


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It is possible that wave 'v' of (iii) s underway already after another spike higher today,
but I am not convinced yet.
The rise off wave 'a' is only in three waves,
and this looks like wave 'b' of 'iv' where wave 'iv' is an expanded flat correction.
Wave 'c' is still expected to turn lower again to hit 1.2600 again.

Tomorrow;
Watch for wave 'iv' to complete at 1.2600.


USDJPY. 


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The price turned Lower again today to hit 149.88 and then turned lower again with a sharp spike.
And I am looking at a possible running flat correction in wave 'iv' pink.
Wave 'v' of (c) is now expected to drop into 148.00 again to complete this larger wave [ii].

Tomorrow;
Watch for wave 'v' of (c) to hit 148.00 and then turn higher again to begin wave 'i' of (i).


DOW JONES.


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The DOW completed a small expanded flat correction higher today,
and then quickly retraced all the gains in that corrective rally.
The Dow is now back at the lows of the week again.

If this is wave 'iii' down,
then I want this move to fall into the lower trend channel line at a minimum.
That gives us a minimum target at 42800.
And from there I will look for wave 'iv' to begin.

Tomorrow;
The price should continue lower in wave 'iii' to hit 42800.
But even then,
the pattern will complete a three wave pattern lower.
and that is not enough to confirm the larger wave (i) down.
So there is much work to be done here.


GOLD


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Gold has moved sideways off yesterdays lows and I am suggesting this is only a small correction higher within a larger impulsive move down.
This idea has yet to be proved.
But the price is forming a lower high in a corrective manner at the moment,
so there is a growing probability that wave 'i' down has indeed begun this week.
the price is slow to move into that initial impulse wave lower and I want to see a break of 2785 to confirm this pattern.

Tomorrow;
Lets see if wave 'i' of (i) of [c] can actually turn lower and create a five wave pattern to challenge 2785 this week.


CRUDE OIL.


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Crude oil is holding at the lows if the week today.
The turn into wave (ii) has not begun yet,
so there is still a chance that wave (i) is still underway here.
As far as I am concerned,
wave (i) down has done enough to call it complete so I will continue to look higher into wave (ii) for the remainder of this week.

Tomorrow;
A break above 70.00 again will signal wave (ii) is underway.


S&P 500.


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I am tracking a possible wave 'ii' lower high today and the market dropped back in line with that pattern this evening
The price has not broken below the wave 'i' low yet,
so I am suggesting this is wave 'b' of 'ii' in play here.
Wave 'c' should turn higher tomorrow in this scenario.
And that will complete a lower high in wave 'ii' by tomorrow evening.
A drop back below 5900 again will signal wave 'iii' is underway.

Tomorrow;
WAtch for wave 'b' to hold above the wave 'i' low and wave 'c' of 'ii' will then complete a three wave correction as shown.


SILVER.


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A small correctio higher today is labelled wave '4' of 'iii' at the moment.
The price should now turn lower in wave '5' of 'iii' as shown.
And wave '5' of 'iii' will complete with a break of 31.00 again.

the action is moving pretty slow in general,
so the larger wave (i) pattern will not complete this week it seems.
This wave count will remain speculative until we see a drop back below 30.00 to complete wave (i).

Tomorrow;
Watch for wave 'iii' down to complete a five wave pattern as shown with a break of 31.00.


BITCOIN


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FTSE 100.


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DAX.


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NASDAQ 100.


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