Price continues to move sideways.
Last analysis expected a pullback to last a few days, but price has continued higher.
A bounce was expected for Monday but did not happen.
Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term.
Last analysis expected upwards movement, which is exactly what happened.
A small green candlestick or a doji were expected for Friday’s session. Friday completes a small green candlestick.
A little upwards movement to 1,930 – 1,932 was expected. Price moved a little higher, reaching to 1,927.21 during the session.
Downwards movement was expected as most likely, which is what happened.
Sideways movement was expected as most likely, which is what price has been doing for eight days now.
A new low below 1,954.09 provided price confirmation that the upwards wave was over and completed as a “three”.
Both hourly wave counts remain valid. Their targets are different, but they expect the same direction next.
Sideways movement, with short term upwards movement to 1,954, was expected.