A little more downwards movement remains within the current consolidation zone. Only one hourly Elliott wave count now remains, giving some clarity on the structure of the correction.
A downwards day remains within the consolidation zone.
The Elliott wave count remains valid.
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.
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.