Downwards movement was expected.
Upwards movement was expected.
Another small range day moved price lower, which the main Elliott wave count expected, but today classic technical analysis strongly suggests the price direction for tomorrow and so a new hourly chart is published today.
A small inside day remains below the invalidation point on both Elliott Wave hourly charts.
Upwards movement unfolded as expected for the session.
A correction was expected to continue during Friday’s session. A small range day with a higher low fits the expectation overall.
Overall, the session unfolded mostly as expected with downwards movement first then upwards movement.
A green daily candlestick was expected to continue a bounce.
A small bounce began mostly as expected, but it did not begin with a final low first.
A bounce was again expected for Tuesday but did not happen.
A bounce was expected for Monday but did not happen.
Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term.