Upwards movement was expected. A higher high and a higher low for Monday’s session saw price move overall higher.
Upwards movement continued as expected.
Today’s classic analysis sees a new idea for the short term as now more likely.
At least a little upwards movement to a target at 1,339 was expected. Upwards movement has unfolded to reach 1,342.08 so far.
Last analysis expected long positions to be held for those with a longer time frame, and stops to be pulled up to just below 1,260.70. The target remains the same, and long positions should now have much less exposure to risk.