Upwards movement continues towards the target as expected. The main Elliott wave count remains bullish, at least for the short term.
Yesterday’s main Elliott wave count expected upwards movement to continue. The target remains the same.
A small range upwards day continues an expected consolidation.
Now two small range days in a row have moved price lower. This fits with the expectation of a consolidation to continue.
Upwards movement continues towards targets as expected.
Another strong upwards day continues price towards the Elliott wave target.
Upwards movement for the session unfolded with a higher high and a higher low. This was expected.
Today On Balance Volume gives a reasonable signal that shall be given weight in this analysis. It supports the main hourly Elliott wave count.
Today’s signals from the AD line and inverted VIX indicate a likely direction for price tomorrow.
Downwards movement remains above the invalidation point and within the channel on the hourly chart. Both main and alternate Elliott wave counts remain valid.