"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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want to Learn a little More? can you Spend a few Moments? click the Links under Related.
Comment
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Here we are
At the CORE
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Zoom in a bit (1 hour) trying to catch some buoyancy from the core. Lets see if we can lift out of there with some force.
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Zoom in MORE (15 min) there we are few rejections at the top boundary of the core. Now we are trying to exit, hopefully having fueled up!
Adding the fib of bounce in blue stripe: "wants" the 4.236 at .1703 minimum, extra credit at .188x double fib, which if hit will very likely retrace from there
Follow to last snapshot above, that was looking for 3 targets: Passed 2nd target and almost got to 3rd target Subsequently rejected by the top bound of Impulse zone (light green) Might have support at the blue 2.236, see if we can test that .16 resistance again.
Get what you can. trading activity is low therefore it will devalue. Once devalued, I’d buy around when trading activity is at 70 and up unless otherwise. Never say you was not warned.
Cryptough
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Great analysis and superb charting on Skale
Cryptough
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Nice analysis!
The_ForexX_Mindset
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Nasdaq is negative 2.60% which is really bad I will not expect this SKL to rise more then it shouldn’t. Although I was saw SUKU go up from around 0.25 to 1.30 about two weeks ago when all crypto stocks was down tremendously which SKL was one of them.
The_ForexX_Mindset
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Trading activity is at 66 other traders are standing by. My worry is it might down trend once trading starts rising plus Nasdaq was bad yesterday and so far Nasdaq is is down trending. SKL looks very beautiful to invest but for this main reason of Nasdaq descending, I will not.