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.
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.
A small inside day fits both Elliott wave counts.
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.
Overall more downwards movement was expected from the new main Elliott wave count.
Price keeps falling towards the target on the alternate Elliott wave count, but it is not falling quickly or with strength.