An upwards breakout may have come sooner than expected. The final target remains the same.
A bounce was expected for Thursday’s session and this is exactly what happened.
Price remains range bound. Another small doji completes an inside day.
The Elliott wave counts remain mostly the same with a small change for the main hourly chart.
A little downwards movement to below 2,340.51 but not below 2,336.45 was expected during Friday’s session.
Price did move lower, but it made a slight new low below 2,336.45, which was not expected.
A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived.
A short term pullback was expected. Another small inside day completes a small red doji.
A short term pullback was expected. Price has not moved lower, but moved higher in a small inside day.
Upwards movement unfolded for the session exactly as expected, ending almost at the target which was at 2,038.15.
A bounce was expected short term for Monday / Tuesday but did not turn up on Monday.
The mid term target at 2,000 was met and exceeded by 8.32 points.
Downwards movement was again expected for the session and again failed to materialise.
No confirmation of a trend change has been indicated yet either, so it was allowed that price could move a little higher.