An inside day to end the session prints a Dragonfly Doji. In the context of an upwards trend, this is bullish.
The alternate Elliott wave count was invalidated this week leaving only the one main Elliott wave count at this time. Targets remain the same.
Another new all time high today reaches the next target and slightly exceeds it.
All week upwards movement has been expected, which is exactly what has happened.
Price is closing in on the target zone of 2 points, which is calculated from a gap and using Fibonacci ratios in the Elliott wave structure.
A small downwards day remains above the Elliott wave invalidation point, and price remains within the channel on the short-term hourly chart. Overall, price is so far behaving as expected.
At the end of this week, the AD line gives another signal that strongly supports the main Elliott wave count.
Upwards movement was expected to resume. The session has closed as an outside day with a strong finish and a green daily candlestick.
Price remains constrained within a small zone of support and resistance. The three Elliott wave counts remain the same.
Another test of support today saw price bounce again.
The AD line today sends a strong indication of what to expect tomorrow; this supports the Elliott wave count.