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.
An outside day remains range bound. A breakout from this consolidation is required to indicate the next trend.
A small range inside day leaves all Elliott wave counts unchanged today.
Fibonacci ratios are used with the Elliott wave count to calculate targets for a final high.
A little more downwards movement remains within the current consolidation zone. Only one hourly Elliott wave count now remains, giving some clarity on the structure of the correction.
Price continues to behave as the preferred Elliott wave count expects, and the short-term target remains the same.
Only three weekly Elliott wave counts remain.
Upwards movement continues as the preferred Elliott wave count expects. A slight new high now changes the Elliott wave structure for two of the four Elliott wave counts.
A continuation of downwards movement was expected for the short term. With the 0.382 Fibonacci ratio passed, the 0.618 Fibonacci ratio is a new target.
Downwards movement was expected to begin the new trading week. An inside day closes red, which mostly fits expectations.
Another small range day fits short-term expectations. All Elliott wave counts remain valid.
A small inside day leaves all Elliott wave counts unchanged.
An upwards day with support from volume breaks above resistance.
Resistance zones will be used as targets.