Ethereum
Education

Pulse of an Asset ala Fibonacci: ETH at a key Impulse Redux

Updated
"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.

Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only

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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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Note
Resistance exactly where we expected
snapshot

Zoom in (m5)
snapshot
We ran into the bottom of the Impulse.
Since then we are still getting Pings on fibs.
Those Pings tell us our fib is still in control.

So if pushes bulls are able to push higher,
we can be confident in our Core's levels,
and be ready for trade decisions there.

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Note
ETF news spike into the Core and IMMEDIATE REJECTION
snapshot

Zoom In (m5)
snapshot
The spike went just into the Core and then rejected.
Then, we see Pings on the bottom of Impulse again.
Hugging the Impulse like this is a bullish sign overall.

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SUMMARY:
- Even major news can not bypass an Impulse Core
- Bull persistence is obvious, so likely to break soon.

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Note
Thus my enthusiasm for Pings (ifollow up to last snapshot above)
snapshot
"Not all Pings start a Reversal, but Most reversals Start with a Ping"
ie: IF looking for a turn, then a PING is the signal to keep an ear on.

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Zoom in (m1)
snapshot
Speaking of Pings, we have one from each side on this 1.618
And this is how fibs get more and more PRECISE with time.
All humans/algos/indi's have recorded these reactions.

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Thus in our bigger picture:
snapshot
We will look for a reaction at the 1.236 fib,
and we can still count on the Impulse Core.

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Note
(( ( < PING > ) ))
snapshot

On the top bound of our Impulse Core
snapshot

We can be so exact because our Core was confirmed with 5.236x precision
snapshot

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Imagine a ruler where you specify the length of its first 1 inch,
but unsure of its fitment until Pings at 1.618, 2.618, then 5.236,
each of which confirm our impulse to higher and higher magnification.

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Note
Thus my enthusiasm for PIngs (exact ricochets you can almost HEAR)
snapshot
And my rule: "Not all Pings start a Reversal, but Most reversals Start with a Ping.

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And again, we knew that level would be important, down to 5.236x precision.

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Note
PING and a PONG
snapshot
We dropped to the 1.236 and got a "rough" Ping.
Not a clean, precise hit like that one at the top,
but a slow, wobbly bounce on a fib is still of note.

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Note
Thus my enthusiasm for PINGs
snapshot
and my rule "Not all Pings start a Reversal, but Most reversals Start with a Ping".
So I ALWAYS take some action when I hear one, and this one going on 15% so far.

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Note
7 months later, we are THROUGH
snapshot
ALMOST. Just now at the top of the Impulse.
Now we see if bears have any strength here.

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Note
Beautiful retest from above
snapshot
Absolute perfection in the mapping of resistance.

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