An impulse occurs from a large sell/buy force applied for limited time.
If re-visited, Impulse usually rejects at boundary or core of .382-.618.
This was an perfect example of the .618 rejecting, TWICE.
On second attempt it rejected even before being touched.
Maybe a third attempt will give us yet more learning events.
Many analysts use previous Tops or Bottoms are .
That method relies on the START of an impulse, but is rarely revisited.
With a properly marked Imuplse, we can see the EXACT area of interest.
Here is "Impulse Redux" collection the above belongs in: (scroll to see Updates)
Here is the original "Pulse of an asset" collection:
Here is a collection of ''Beware the 9.618" events:
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