A small range downwards day closes as a doji. Targets remain the same. The Elliott wave count remains valid and price remains within a channel.
Price moved overall lower as yesterday’s analysis expected.
Elliott wave structure of the last upwards movement off December 2018 lows is used to analyse what is most likely to happen for the short to mid term.
Upwards movement continues as the main Elliott wave count expects.
Price keeps falling towards the target on the alternate Elliott wave count, but it is not falling quickly or with strength.
Upwards movement was expected. A higher high and a higher low today fits the basic definition of an upwards day. The Elliott wave target remains the same.
To end the week, upwards movement has continued as expected.
The first Elliott wave count, which was slightly preferred, expected upwards movement for Tuesday’s session, which is what has happened.