A bounce was expected to turn up within 24 hours, which is what has happened.
An upwards swing was expected to continue. Price has made a new high and downwards movement within the session remains above the invalidation point.
A downwards day was expected for Thursday, and this is exactly what happened.
The target is now calculated at two degrees to a small $1 zone.
For Friday’s session a pullback was expected after a slight new high. This is exactly what happened.
Downwards movement still remains contained within the channel and above the short term invalidation point. Sideways movement for Friday leaves the Elliott wave count the same.