"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
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.
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Let the battle BEGIN (that is bottom of the Impulse Zone)
Bounce on the 1.236 after that Ping on the 1.0, thus I call it a "Pong" :)
Front Line of the battle has moved to the Top Bound of the Core
Zoom IN (21 min) for a closer look at the Core Perfect Pings on the boundaries.
Nothing to do here, other than watch.
Bad spot to buy if not already long.
Risky spot to short cuz it could spike out.
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This means that the "serious" resistance starts at $459.
If bulls get past that, then $481-495 will be the toughest resistance.
After that, $517 becomes Bear's Last Stand (assuming $500 round number does not stop it)