A break above the short term resistance line on the hourly chart in last analysis gave a strong bullish signal. The analysis then expected a new all time high.
A new high in the first hour of the session gave confidence to a target at 2,548 to 2,550. Upwards movement for the session reached 2,552.51.
A little more upwards movement today reached just above the target.
Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap.
A small pullback was expected to be relatively brief and shallow. So far price is meeting this expectation.
Gaps will be used for trading advice for members with long positions.
Upwards movement was expected for the main Elliott wave count, but the confirmation point still has not been passed.
Upwards movement continues, which fits the larger picture of the main Elliott wave count.
In looking for an entry to join the trend classic technical analysis, particularly On Balance Volume, may be useful.
Price has moved lower for the session as expected from the hourly Elliott wave count.
Upwards movement within the session did not make a new high. Price remains below the invalidation point on the hourly Elliott wave count.