Downwards movement continued as expected, although the short term target was again inadequate.
A new swing low at the daily chart level indicates the Elliott wave counts should now be swapped over.
A signal from On Balance Volume and another signal from the AD line this week all support the alternate Elliott wave count. Price is the ultimate determinator though, so a specific price point is given for members that may indicate which wave count is correct.
Upwards movement continues as the main Elliott wave count expects.
The alternate Elliott wave count remains valid, but it has less support from classic technical analysis, so it is judged to have a lower probability.
A very small upwards day fits short term expectations exactly.
The main Elliott wave count remains the same and has support from the short term volume profile.
A small inside day gives a candlestick pattern that may suggest short term movement for the next one to very few sessions.
Another signal today from the AD line adds confidence to the Elliott wave count at the daily chart level and the bigger picture.
A strong upwards day exactly fits expectations from the Elliott wave count.
At the end of the week, there is strong support for the Elliott wave count from the AD line and On Balance Volume.
A strong upwards day fits expectations perfectly.
The Elliott wave count has good support from classic technical analysis.
Last analysis again expected upwards movement, which is exactly how the week ended, with a strong green candlestick for Friday.
A pullback within an upwards swing was expected, but it arrived a day or so earlier. Price remains above the invalidation point.