Downwards movement was expected for Friday, but this is not what happened.
Upwards movement breached the invalidation point on the main hourly Elliott wave count and was supported by volume.
Upwards movement was again expected.
Price has moved sideways to complete an inside day.
A correction was expected to unfold, which is what has happened, but it was expected to be over more quickly though.
The targets were not met before price turned and moved higher. Downwards targets for the correction to end were inadequate.
Upwards movement invalidated the main hourly Elliott wave count increasing the probability of the two alternates, both of which expected price to move higher.
Sideways movement was expected. A red candlestick with a small real body fits expectations for the session.
Upwards movement was expected for Monday’s session but did not happen. The hourly Elliott wave count was invalidated by downwards movement.
The main Elliott wave count expected a small bounce to be followed by more downwards movement.
The bounce was longer lasting and a little deeper than expected. This changes the wave count short term but not mid term.
Both Elliott wave counts remain valid.
Price should indicate which one is correct in the next one or two sessions.
Upwards movement was expected from last analysis, but this looks to be too weak to be a breakout.