A small Doji candlestick today completes an inside day.
More sideways movement was expected to begin the new week. A small range Doji candlestick exactly fits this expectation. A target for this consolidation to end may now be calculated.
A downwards swing failed to make a new low today. Three out of four short-term Elliott wave counts now remain valid.
Overall, upwards movement continues as expected. The Elliott wave target remains the same.
Two hourly charts are published today for the short-term picture.
The upwards trend was expected to continue. An inside day today closes green, and the balance of volume was upwards. Elliott wave and classic analysis targets remain the same.
A small range day leaves the main Elliott wave count unchanged.
A small range downwards day closes as a doji. Targets remain the same. The Elliott wave count remains valid and price remains within a channel.
Elliott wave structure of the last upwards movement off December 2018 lows is used to analyse what is most likely to happen for the short to mid term.
Price keeps falling towards the target on the alternate Elliott wave count, but it is not falling quickly or with strength.
The first Elliott wave count, which was slightly preferred, expected upwards movement for Tuesday’s session, which is what has happened.