The Elliott wave count remains the same. It expected more sideways movement.
Sideways movement continues to complete a small pennant pattern. The Elliott wave count remains the same.
Both Elliott wave counts expected more sideways movement, which is what has happened.
The breakout is expected to be in the same direction from the Elliott wave count and from classic technical analysis of the current pattern.
Sideways movement continues as both Elliott wave counts expected.
Today a small range day remaining well within resistance and support does not change the Elliott wave counts.
End of week analysis last week expected for the short term to see a sideways consolidation unfold to last a few days. A small range inside week exactly fits this expectation.
Sideways movement for this week has continued exactly as expected from the Elliott wave count and classic technical analysis. The short-term structure is analysed this week to determine if the correction may be complete or not.
A bounce or sideways correction was expected to continue for the last week. An upwards week exactly fits this expectation. The target remains the same.
Overall, sideways movement continues as expected from the Elliott wave counts.
A sideways consolidation was expected to begin after the session for the 4th of January closed. The following three sessions thereafter have all moved sideways, which exactly meets expectations.
Elliott wave analysis is used to determine when a corrective structure may be complete.