Downwards movement was expected for Thursday’s session, which is what has happened.
Yesterday’s Elliott wave analysis expected price to continue to move lower and reach the first target, which is what has happened.
Some downwards movement has begun the new trading week exactly as expected from last Elliott wave and technical analysis.
Another upwards day has completed as expected.
Short term indications from volume and Friday’s candlestick signal what may happen for the start of the new trading week.
Analysis since the low on the 9th of February has been bullish. Price continues to rise as expected.
Last analysis expected overall upwards movement, which is what has happened, but a short term pullback did not happen first.
Another green daily candlestick has completed as expected.
Price has moved higher for Monday, which is exactly what was expected from last analysis.
More downwards movement for Friday was expected.
A new low below 2,668.62 in the first hour of trading invalidated the main hourly wave count and gave confidence to the alternate. At that stage, more downwards movement to new lows was expected. The targets have not yet been met.