Price moved lower for the session, which was what was expected for the short term from the hourly Elliott wave count.
A slight new low changes the structure on the main hourly Elliott wave count. The new labelling has a better fit.
Upwards movement was expected but did not happen.
Price remains just above the invalidation point on the hourly wave count.
Downwards movement was expected as most likely for the session, but it was allowed that price could continue higher.
Price remains below the invalidation point.
Downwards movement unfolded as expected for Friday’s session.
A small inside day does not clarify the situation.
A little upwards movement was expected to begin the session but did not happen. Price moved lower as the larger trend expected.
Upwards movement was expected.
Price made a slight new low on another very small range quiet day.
A little upwards movement was expected to begin Tuesday’s session, a small correction to be over in less than 11 hours.
So far price has moved higher on a small ranging day and the correction has lasted 9 hours.
Price moved a little higher and did not breach the channel on the hourly chart. The channel must be breached before this upwards wave is confirmed as complete. An alternate target is added for the possibility that it may continue further.