"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 buyers still there? Enough to absorb the selling 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: 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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Hi EuroMotif, Thanks for your analysis and insights into ripple and impulse redux. Given the scenario playing out on EurUsd, do you foresee a strong Euro rebound. The data released today was bullish. So I dont understand the bearish moves. Look forward to hearing your insights.
EuroMotif
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@Ltd, Hi,
Indeed it is hard to figure out why good news pushed it down, but that is how the market makers work, they usually shake out traders that are set to profit, before making the move that those traders hoped to profit on (hope that made sense).
So I do expect a bounce around here...
Ltd
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@EuroMotif, Thanks for the feedback. I understand that market makers will hunt a few stops to make money for the move up. This pair is really frustrating at the moment. A decent rebound would be very welcome. I just hope that the support of 1.09 will not be tested.