A little downwards movement sees price remain within the channel on the daily chart.
Upwards movement continues exactly as expected towards the targets.
Again, upwards movement has continued as expected for the main Elliott wave count.
Today a candlestick pattern suggests the direction for price tomorrow.
Upwards movement was expected to continue. The Elliott wave target at 2,780 for a short-term interruption to the bullish trend was too low. Price reached 2,800.18.
A small range inside day fits overall expectations.
The main Elliott wave count remains the same. The alternate Elliott wave count is slightly adjusted to consider a different short-term structure.
A little upwards movement was expected to begin the new week, which is what has happened.
Upwards movement continues as expected.
On Balance Volume this week gives important signals on the daily and weekly charts.
A pullback was expected to begin the new trading week. A lower low and a lower high fits this expectation exactly.
Last analysis expected a pullback or consolidation to begin the new trading week. A red daily candlestick fits this expectation perfectly.