Upwards movement has continued for the session as expected. The Elliott wave counts remain the same.
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.
Yesterday’s Elliott wave count expected more downwards movement, and this view had support from a Bearish Engulfing candlestick reversal pattern on the daily chart. For today’s session, more downwards movement is what has occurred.
Overall, upwards movement continues as expected. The Elliott wave target remains the same.
Two hourly charts are published today for the short-term picture.
A new high for Monday continues the upwards trend. The Elliott wave count remains the same and the target from the pennant pattern has not yet been met.
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 very small range inside day is inconclusive. The short-term structure on the hourly chart prompts another way to look at the alternate Elliott wave count today.
A small range day leaves the main Elliott wave count unchanged.
Upwards movement continues as expected and the target remains the same.