Upwards movement was expected again. A green daily candlestick was printed, but it is technically an inside day with no new high.
The two daily Elliott wave counts today are judged to have about an even probability.
Assume the trend is the same, until proven otherwise.
Upwards movement unfolded as expected for the session.
Price moved lower as expected but ended the session higher to complete a green candlestick.
Price remained below the invalidation point on the hourly chart for the session.
Price moved lower to sit on the support line. How price behaves tomorrow now that the line is met will indicate which hourly Elliott wave count is more likely.
Price moved higher to 2,009, above the target which was 2,002 or 2,004.
More upwards movement was expected. The most likely point for it to end was expected to be 1,895.
So far upwards movement has reached 1,895.77.
Last analysis reminded members that the trend is still down.
A new low below the August lows was expected.
On the preferred hourly chart, upwards movement has breached the base channel but remains below the invalidation point.