Downwards movement was expected for Wednesday’s session.
A small inside day sees the Elliott wave count only slightly changed at the hourly chart level.
The first target at 2,481 to 2,482 was met and passed by 2 points early in the session.
Last analysis was clear: the trend is still up. A new all time high was therefore expected as most likely.
Sideways movement was expected as most likely for Tuesday, but this is not what happened. Upwards movement has made a new all time high, but the session closed red.
A little more upwards movement today reached just above the target.
A green daily candlestick was expected, but price has moved lower and that was not expected.
A very small inside day leaves the Elliott wave counts mostly unchanged.
Last analysis expected an upwards breakout with reasonable confidence. This is exactly what has happened for Friday.
A green daily candlestick has unfolded for Wednesday’s session exactly as was expected in yesterday’s summary. With some price confidence, now the alternate and main Elliott wave counts are swapped over.