A small inside day saw price move sideways for Friday, remaining within the channel on the hourly chart.
A new all time high at the open gap up invalidated the alternate Elliott wave count providing confidence in the main Elliott wave count. The target remains the same.
The short term expected downwards movement for Wednesday, which again did not happen.
A red daily candlestick was expected for Tuesday’s session, buy this is not what happened. Price moved slightly higher to complete a small green candlestick.
The main Elliott wave count expected upwards movement. This is what has happened to start the new week.
The main Elliott wave count expected more upwards movement to end the week, which is what happened.
A bounce was expected for Thursday’s session and this is exactly what happened.
The main hourly Elliott wave count was invalidated within the first hour of the session. Two alternate hourly wave counts remained.
The main wave count expected more upwards movement, which is what has happened. Targets remain the same.
New all time highs were expected for this week and that is exactly what has happened this Monday.