For the short term, a small pullback was expected at the hourly chart level before price turned and moved upwards again. This is exactly what has happened for Thursday’s session.
More upwards movement was expected from the main hourly Elliott wave count and from the summary in last analysis.
An inside day remains above the invalidation point on the hourly Elliott wave chart.
Last analysis was clear: the trend is still up. A new all time high was therefore expected as most likely.
The main Elliott wave count expected upwards movement. This happened at the end of the session for the candlestick to close green, but a lower low and a lower high for the session saw price overall move down from the prior day.
Downwards movement was expected. Price has moved sideways to print a red daily candlestick.
Downwards movement is again unfolding as the Elliott wave count and classic technical analysis expected.