Sideways movement continued at the end of the week, which is what the short term expectation was for the Elliott wave count.
Sideways movement was expected to continue.
Sideways and slightly lower movement was expected to continue. A small range day moved price lower, closing as a doji candlestick; this fits expectations for the Elliott wave counts.
Sideways movement was expected for Tuesday’s session. A small inside day completes as a doji candlestick, which exactly fits expectations.
Upwards movement has continued, which was allowed for in the main Elliott wave count.
Volume and candlestick analysis are used today to indicate the most likely short term Elliott wave count.
A small sideways consolidation was expected to unfold for a fourth wave. This is exactly what is happening.
An upwards day with support from volume breaks above resistance.
Resistance zones will be used as targets.