Downwards movement continued, as expected, and found support at three different trend lines.
Another downwards day has unfolded as expected to start the new trading week. The Elliott wave count remains the same and has support from volume and ADX.
A downwards day was expected for Tuesday’s session.
There are only now two hourly Elliott wave counts.
A new all time high confirms the main Elliott wave count and invalidates one alternate. Some more confidence may now be had in the targets.
Downwards movement was expected, but it remains within the prior range of sideways movement. There has been no breakout yet.