As expected an outside day continues a sideways consolidation.
A very small range inside day breaches the lower edge of a channel that had previously contained all pullbacks. The short-term Elliott wave count is today changed.
Price remains range bound as has been expected for the week. The Elliott wave count remains the same.
A consolidation or pullback was expected to continue and to be relatively brief and shallow. A small range downwards day fits this expectation.
Price is moving sideways, which fits the first expectation for this week.
A small range day remains inside last week’s range leaving all three short-term Elliott wave counts unchanged.
Upwards movement continues as expected.
A new Elliott wave count at the monthly chart level is presented.
The very short-term analysis on the hourly chart expected a little downwards movement for Thursday, which is what has happened.
Upwards movement continues as expected. The Elliott wave targets remain the same.