Downwards movement remains above the invalidation point and within the channel on the hourly chart. Both main and alternate Elliott wave counts remain valid.
Upwards movement was expected to begin the new week. The Elliott wave target remains the same. The breakaway gap continues to provide support.
A finish to the week with a small range inside day does not change the Elliott wave count. The target remains the same and the wave count has strong support from classic technical analysis.
An upwards breakout from a consolidation was expected. The Elliott wave target remains the same.
The main Elliott wave count has very strong support from classic technical analysis, particularly the AD line.
Upwards movement today fits the main Elliott wave count.
A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same.
Classic technical analysis favours the main Elliott wave count.
Downwards movement remains above the invalidation point on the daily chart. The short-term hourly chart is today relabelled after the pullback of this session.
For the very short term, a small pullback was expected to begin the new trading week, which is what has happened. The Elliott wave count and targets remain the same.