Downwards movement was expected for Friday’s session and is exactly what happened.
Upwards movement was expected for Thursday’s session.
Sideways movement was expected but did no happen.
The session ended with some reasonable upwards movement.
Last Elliott wave analysis expected more sideways movement for Tuesday’s session. This is exactly what has happened.
Price has moved sideways. This fits the alternate Elliott wave count better than the main Elliott wave count at this stage.
Last analysis expected upwards movement for Friday but this did not happen.
Price has been moving sideways now for five days.
Both Elliott wave counts remain valid still.
Price is still within the confirmation / invalidation points and so both Elliott wave counts still remain valid.
Price remains within the confirmation / invalidation points and so both Elliott wave counts remain valid.
The short term expectation for Monday was for a little downwards movement to a target at 2,122 before a turn and upwards movement.
The low for Monday was 2,119.12, 2.88 points below the target.