Another small range day and a little more downwards movement overall fits the expectations for the Elliott wave counts.
A small range day fits the overall expectation for the Elliott wave count.
Price continues lower as the Elliott wave counts expect. Today volume and ATR suggest this may end soon. Resistance is identified for a potential bounce.
Downwards movement continues as all three Elliott wave counts expected.
Downwards movement has continued exactly as the preferred Elliott wave count expected for the week.
The preferred Elliott wave count expected price to continue lower, which is exactly what has happened. A channel was used on the hourly chart to indicate where bounces may find resistance, and this has almost perfectly shown where the high for the session ended before price turned to move strongly lower.
Downwards movement continues as the bigger picture for the Elliott wave count expected, although a small bounce up to 1,337 was expected first.
Price has again moved sideways, which overall fits the expectations for the Elliott wave count.
Overall, the week has begun with some sideways movement. For the short term, this is what the preferred Elliott wave count expected.