Price moved sideways and then higher, which was what was expected from the Elliott wave count.
Downwards movement was expected for Monday to end about 1,257. Price moved lower as expected reaching 3.52 below the target so far.
Downwards movement was expected to continue. Overall, Friday’s session did move price lower with a lower low and a lower high, but the session closed green with a strong upwards push. This was not expected.
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A fourth wave correction ended right at the lower edge of the Elliott channel and from there price bounced up to make new highs for a fifth wave.
Downwards movement continued as expected for Monday’s session.
The main Elliott wave count remains the same. The alternate is slightly adjusted at the hourly chart level.