Downwards movement is again unfolding as the Elliott wave count and classic technical analysis expected.
Another day of downwards movement was expected from the Elliott wave count and from classic technical analysis.
A downwards day was expected for Tuesday’s session.
There are only now two hourly Elliott wave counts.
The short term target has been met and the mid term target remains the same.
Price continued higher and almost met the target, which was at 2,353, fitting the second hourly Elliott wave chart.
Upwards movement continues as expected.
A very bearish alternate (which was judged to have a very low probability) has been invalidated today. This adds confidence to the main Elliott wave count and the targets.
Again, upwards movement continues as the main Elliott wave count expects.
And the very bearish alternate Elliott wave count remains just viable.
Upwards movement continues as the main Elliott wave count expects.
The very bearish alternate Elliott wave count remains viable.
Upwards movement was expected for the main Elliott wave count, but the confirmation point still has not been passed.
A little more downwards movement was expected for Monday’s session, which is what has happened.
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.