A red daily candlestick was expected for Tuesday’s session, buy this is not what happened. Price moved slightly higher to complete a small green candlestick.
Price continues to move sideways supporting the alternate Elliott wave count. Both wave counts remain valid.
A small inside day fits within the Elliott wave count. The candlestick closed green and the balance of volume for the session was upwards. Overall, today may be read as neutral.
A little upwards movement was expected from the hourly Elliott wave count published in last analysis. This is exactly what happened for Friday’s session.
A target may now be calculated for the short term at two degrees.
Downwards movement is again unfolding as the Elliott wave count and classic technical analysis expected.
Friday completed an inside day which fits the Elliott wave count well.
Sideways movement to complete a small green doji candlestick fits the Elliott wave count.
The daily Elliott wave count is new. It was published in comments over the Christmas / New Year holiday.
The hourly Elliott wave count expects the correction to continue and now has a target using a Fibonacci ratio.
Another very small range day moved price essentially sideways fitting the Elliott wave count for the short term.
Two hourly Elliott wave counts are provided to end the year, with the one daily Elliott wave count remaining the same.
Price remained within the small green channel, so upwards movement was expected to continue. The short term targets were woefully inadequate, but longer term targets remain the same.