As you know, crypto has been enjoying a market wide bull move. LTC is now approaching the maximum resistance of recent moves. What happens here could determine trend direction for some time.
"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: 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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Finally Breached!
And that Ladies and Gentlemen, is the PROPER way to navigate through an Impulse Core Expect a pullback now bounce on top of Impulse would be very nice bounce on top of Core would be almost as good. bounce on bottom of Core would be acceptable. Any lower would indicate likely FAILURE.