Downwards movement breached the invalidation point on the main hourly Elliott wave chart but not the alternate.
Yesterday’s analysis expected sideways / downwards movement to a short term target about 1,114.
Price has moved lower as expected to reach to 1,111.76 so far.
Last week’s Silver analysis expected more sideways movement, which is again exactly what has happened.
More upwards movement was expected.
Yesterday’s analysis expected a new high above 1,112.19 and an upwards breakout, which is exactly what has happened.
Upwards movement continues as expected.
Upwards movement has breached the cyan line which was providing resistance on the last updated US Oil daily chart. This indicates a trend change.
Upwards movement was expected. Price moved sideways in a small range to complete a very small red candlestick.
Price remains above the invalidation point and is hugging the support line.
Last week’s Silver analysis expected more sideways movement, which is exactly what has happened.
A correction was expected. A likely place for it to end was at 1,093.
Price moved lower to reach 1,092.4 and turned up from there.
Upwards movement was expected from both Elliott wave counts.
Elliott wave charts only today.
Sideways movement remains above the invalidation point on the hourly chart.
The short term Elliott wave count is changed slightly. The longer term picture is the same.