Upwards movement was expected for the second hourly Elliott wave count.
Upwards movement continued, fitting the alternate hourly Elliott wave count better than the main Elliott wave count. The target remains the same.
More downwards movement was expected for Friday’s session.
Friday made a slightly lower low and a lower high.
Downwards movement has unfolded exactly as expected so far for Monday’s session. The target for the main Elliott wave count remains the same.
Price remains within the confirmation / invalidation points and so both Elliott wave counts remain valid.
Downwards movement invalidated the hourly Elliott wave count when price crossed the near by invalidation point.
The daily Elliott wave count remains valid.
A little upwards movement was expected before downwards movement, but this is not what happened.
Price moved lower earlier than expected.
Upwards movement was expected and how the session began.
Thereafter, downwards movement remained above the invalidation point on the hourly chart.
Yesterday expected to see short term sideways / downwards movement for the hourly charts.
This is what happened.
A new high above 1,901.10 invalidated the main hourly Elliott wave count and confirmed the alternate.