Back to the Impulse zone again, as previously plotted (click). Given the return to this resistance, it should break this time. But if rejected again, there will be serious risk of downtrend.
"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 part my ongoing series to collect examples of my Methodology.
.
.
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
.
.
.
want to Learn a little More? can you Spend a few Moments? click the Links under Related.
Note
THAT is how your burst through an Impulse Core
.
Note
BTC now past the Minor Impulse, and reacting to Ripples from the Major Impulse
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.