"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several.
This is a particularly interesting example of this phenomenon. Most returns to the Core end in Rejection, or break and run. Very rarely does an asset return twice, let alone THRICE.
Part of my ongoing series to collect examples of my Methodology: (click links below) Chapter 1: Chapter 2: Chapter 3: Chapter 4: <= Current Example Chapter 5: Chapter 6:
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect.
every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms.
He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More? can you Spend a few Moments? click the Links under Related.
Kommentar
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Zoom with local fib added (green) Currently at a minor resistance.
It got just to the bottom of the Impulse And a reaction as expected. But no massive rejection (yet).
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Zoom IN (5 min) and we see two near-perfect touches
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Zoom OUT (15 min) and add a fib (green) from last bounce wave which combined with original blue fib series, maps some zones of interest at the confluences.
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SUMMARY -- First attack on the Impulse rebuffed at the bottom bound. -- Pullback appears reasonably well controlled, and not accelerating downward. -- If it can get past $250 psych again, then it might get through the Impulse Core.
When I'm long on something and you post about an impulse core, I feel knots in my stomach. It's like you know the grim reaper is walking toward your front door but he hasn't arrived yet.