EuroMotif

GRT.usd Retrace approaching likely Target of 40 cents : Heads Up

EuroMotif Mod Updated   
COINBASE:GRTUSD   The Graph
As you know, GRT launched on Coinbase and rocketed.
It hit major resistance per Fibs, which I posted in chat.
Now we are approaching first plausible retrace target.

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
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
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only

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Comment:
Almost there

Quickly approaching our target
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Zoom IN (1min) Little bit of levitation/deceleration just above, a good sign.

Watching closely now, looking for aw bounce with an "Imuplse"


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Comment:
Was that it?

Zoomed in with Local fib in blue That blue 5.236 may well have been end of local wave.

Time to start looking "Impulsive" structure to eh bounces.

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Comment:
Looking decent

Got bback above gold 2.618 no easy feat. Now I want to see a retest with a loud "Ping" on .4550

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Comment:
Bounce Looking good.

Best possible Attack Vector against 50 cents round
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Comment:
Bounce still Looking Good.

Now at first resistance pierced the support below but recovered quickly.

Now to push into 50 cents and see what happens there ....

the Golden Ratio is my Religion
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the Moderator Tag is my Flag
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