Price still remains within an identified consolidation zone. Friday’s strong upwards day lacks support from volume. The breakout from a flag pattern is suspicious.
Price remains range bound and strong support continues to hold. Price points for support and resistance are identified. A breakout is required for confidence in the next trend.
An outside day remains range bound. A breakout from this consolidation is required to indicate the next trend.
A small range inside day leaves all Elliott wave counts unchanged today.
Price remains within the consolidation zone. While strong support holds, the preferred Elliott wave count will remain at a critical juncture.
Downwards movement this week fits both short-term outlooks. Classic analysis is used to determine the probability of each with clear price points for a breakout.
With the preferred Elliott wave count at a very important juncture, it is time to take a clean slate and see if a wave count which expects the opposite could be true. This video follows that process: