An outside day remains within a small range. Both short-term Elliott wave counts remain valid.
At this stage, specific short-term price points are used to indicate when minor wave 4 may have arrived.
A very small range inside day leaves the Elliott wave count unchanged.
The Elliott wave target remains the same. Classic analysis supports the Elliott wave count.
An outside day began with upwards movement, which was expected. Downwards movement to end the session remains above the invalidation point and within the trend channel.
Upwards movement was expected for Friday. An outside day closes red. Price remains above the short-term invalidation point and within the Elliott channel.
Another upwards day with price closing within a trading range leaves all three Elliott wave counts valid. However, classic technical analysis strongly supports the main Elliott wave count.