For the short term, a pullback or consolidation was expected to begin on Friday. This is exactly what has happened.
A small downwards day leaves both Elliott wave counts valid. Internal strength or weakness of the last few sessions is analysed to indicate which Elliott wave count looks most likely.
An inside day remains above support and within the channel on daily and hourly charts. The Elliott wave count remains the same.
Further upwards movement was expected. Elliott wave targets remain the same and the Elliott wave count has support from market breadth.
Yesterday’s main Elliott wave count expected more upwards movement, which is exactly what has happened so far.
A small range day moved price slightly higher. This fits the new short-term expectation for the Elliott wave count.
A consolidation was expected to continue. A small downwards day closes as a Doji, which fits expectations.
The upwards trend was expected to resume. A higher high and a higher low fits this expectation. Targets remain the same.
Upwards movement has overall continued as the week expected, but the weekly candlestick has closed as a doji and price ended the week with mostly sideways movement.