A downwards swing was expected to begin the week. This is exactly what has happened.
Price has moved sideways to complete an inside day and close as a doji.
Price is still range bound, testing support at today’s low. The breakout will come, and the longer price coils within this range the more violent the breakout may be.
Price moved overall upwards with a higher high and a higher low for the session. Upwards movement was expected.
An upwards day was expected for Friday. Price made a lower low and lower high, the definition of a downwards day, but the session closed green.
Price remains above the near by invalidation point on the hourly Elliott wave count.
Upwards movement has invalidated the main hourly Elliott wave count and confirmed an alternate.
In the very short term, sideways movement was expected for one or two sessions before the upwards trend resumed, but this did not happen.
Price has moved higher.
Upwards movement broke above 2,050.37 indicating price should continue higher to 2,067.
Upwards movement reached 2,073.13 for the session.
Downwards movement was expected.
Downwards movement did materialise as expected but not by much. Confirmation points have not been breached and price remains within the channel on the hourly chart.