All three Elliott wave counts remain valid. Volume still strongly supports the main Elliott wave count.
A bounce was expected to most likely be over. An inside day with overall downwards movement within the session fits this expectation.
An upwards swing was expected to continue. An upwards week with a higher high and a higher low exactly fits this expectation.
Bounce was expected to end about 1,472. Price has continued higher to reach 1,473.35 for this session.
In yesterday’s analysis members were warned to look for a small bounce to about 1,472 for the short term. A small range upwards day with a high at 1,466.29 fits this expectation.
Price keeps falling towards the Elliott wave target and the target calculated from the classic triangle pattern.
Price continues lower as the main Elliott wave count expected.