A small range inside day leaves all Elliott wave counts unchanged.
With price now above the upper edge of a multi-year channel, it is time to review monthly charts.
Price is nearing the next target and more importantly the upper edge of a multi-year trend channel. A reaction downwards from there would be fairly likely.
Price continues to move higher towards the next target. The main Elliott wave count essentially remains the same.
An alternate Elliott wave count is used due to the increased risk of a pullback or consolidation developing here.
The next target is almost met. The structure may be incomplete. A new higher target is now calculated.
Upwards movement continues towards the target as expected. The main Elliott wave count remains bullish, at least for the short term.
At this stage, specific short-term price points are used to indicate when minor wave 4 may have arrived.