The Elliott wave count has been invalidated. Two new Elliott wave counts are considered.
Price has remained within the small channel all week, so no indication that a low could be in place has been given.
More downwards movement was expected as most likely for this week. The target at 63.60 was met and so far has been slightly passed.
More downwards movement below 66.86 invalidated one of the two remaining daily Elliott wave counts.
At the end of this week, two versions of the remaining Elliott wave count are provided.