A consolidation was expected to pull price down to about 1,335. Downwards movement has unfolded mostly as expected, although price is moving in more of a straight line than was expected and has reached 10.30 below the target so far.
Upwards movement continues as the new main wave count expects.
Upwards movement was unexpected and invalidated the hourly Elliott wave count.
Further sideways movement was expected. The consolidation continues.
Another downwards day for Wednesday overall was expected. The main Elliott wave count remains the same and is still preferred over the alternate.