A strong bounce invalidated the short-term hourly chart of one Elliott wave count, which increased the confidence in another Elliott wave count.
More downwards movement was expected.
More downwards movement was expected as possible, but a close below support is more bearish than expected.
A little more downwards movement has unfolded as expected.
A little downwards movement within a consolidation was expected to continue for Wednesday.
So far price is behaving as expected this week. The breakout direction is still expected to be the same.
Another small range day fits short-term expectations. All Elliott wave counts remain valid.
Upwards movement was expected for Thursday. This is exactly what has happened.
Another small range day remains within identified support and resistance. A consolidation was expected to continue.
Sideways movement was expected to continue. A small range downwards day remains between identified support and resistance. This fits expectations.
Sideways movement continued at the end of the week, which is what the short term expectation was for the Elliott wave count.
Sideways and slightly lower movement was expected to continue. A small range day moved price lower, closing as a doji candlestick; this fits expectations for the Elliott wave counts.