A small range inside day leaves all Elliott wave counts essentially the same.
A small range Doji candlestick for Monday sees both Elliott wave counts remain the same.
Price is now range bound. Two Elliott wave counts are used to map out possible movement and targets after a breakout in either direction.
Two main Elliott wave counts are published today. Confidence and invalidation points will be used to indicate which is correct.
More upwards movement was expected. The last daily candlestick makes a higher high and a higher low, which fits this expectation.
A small range upwards week remains within the channel and below the invalidation point. The Elliott wave counts remain the same, and all expect the same direction next week.
A bounce was expected to continue to start the new week. The target remains the same.
Some downwards movement at the end of the session fits expectations from the Elliott wave counts.
The neck line of the Head and Shoulders pattern continues to provide resistance, as does the short-term channel on the hourly chart. The Elliott wave targets remain the same.
A bounce has continued higher. Price remains below the invalidation point and within the base channel for the daily Elliott wave count.