Price moved to record new all time high.
For the short term, downwards movement was expected for Thursday’s session. An inside day completes as a red daily candlestick, mostly meeting expectations but not as clear as hoped for.
On Balance Volume is very bullish. Members are given some trading advice on how to approach this market at this time.
A bullish signal yesterday has now been followed by another upwards day. Support from volume means a more bullish wave count is considered.
A green daily candlestick was expected for Monday. Although price has made a lower low and a lower high, the candlestick did close green as the expected bounce came at the end of Monday’s session.
Price moved higher as the main Elliott wave count expected.
A small inside day for Friday changes the very short term picture only slightly.
A little upwards movement was expected for Monday. Price fell 2.04 points short of the target on the main hourly Elliott wave chart before turning lower to print a red daily candlestick.
A short term pullback was expected to begin on Friday. A downwards day completed with a lower low and a lower high, exactly as expected.
A green daily candlestick was expected for Friday, which is exactly what happened.