UJ as we know is a read on risk sentiment. Currently swayed by US-China trade war talk. Now at an important zone to watch for clues.
"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.
This is part my ongoing series to collect examples of my Methodology.
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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.
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Bulls tried to overrun the Impulse Core but were rejected higher and now pushed below the Core again. This is a serious battle here, and the results here could determine direction for some time to come.
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Impulse Core acting as strong resistance within its PRECISE boundaries
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Thusly "lower highs" are often formed The Impulse Zone and more specifically the Core is where it often resumes the original direction of the Impulse.
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The Impulse Zone continues to define the PRECISE Boundaries of the Resistance/Supply zone Especially over the Holiday weekend in USA. Tuesday's NY session will most likely set the tone for the week, and possible the month of September.
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Interesting action around the Impulse Core
Zoomed way in the PRECISION of boundaries is AMAZING. One could not make this stuff up !
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Zoomed WAY in (1min) there IS a RHYTHM to the pullback, so it is not just a correction IMO. Would be interesting to see it extent to the new blue 4.236 which lines up at the original Impulse bottom (0.0 fib)
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Clarification on the Zoomed in fib in Blue The pullback keeping pace with the fib series quite precisely. Will it go lower? I think yes, perhaps the 3.236 , let see ...
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Another clean Ping on the Blue Fibs of pullback wave still looks headed to 106.38xx
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Got a decent bounce where expected
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So that bounce off $106.39 really took off today, on the winds of risk-on Sentiment into US session