Some upwards movement was expected for Friday. Overall, this is what happened with a higher high and a higher low from Thursday.
The main Elliott wave count remains essentially the same after today’s sharp whipsaw. A new alternate to consider is presented for the short term. The larger picture remains the same.
A small amount of upwards movement was expected. Price moved slightly higher.
The short-term target remains the same.
A little upwards movement was expected. After a slight new low price has turned and moved higher.
The short-term Elliott wave count remains mostly the same but the short-term target is recalculated.
A small range day leaves the Elliott wave count essentially the same. The target calculated using Elliott wave and Fibonacci ratios, and the target calculated using the last flag pattern, both remain the same.
Another downwards day with a lower low and a lower high was expected.
Downwards movement has unfolded as expected. A clear breach of the channel on the daily chart now adds strong confidence to the preferred Elliott wave count and the next Elliott wave target.