"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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First kiss of the Core and pullback as expected. Bulls may be prepared to fight it out, lets see.
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Stabbed through it after some negotiation now if we see a retest and bounce, then we are good. But sometimes there are more sellers waiting just above such and impulse so we are not free and clear yet but looking good.
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What is it now?
Just an update to record the aftereffects went through the Impulse Core, retested and support a couple times, then fell through.
The drop was based on US econ news, but so was the last leg up. Thus the last leg has been neutralized, and now back to as if nothing happened. Meaning sentiment probably has not changed, and this impulse core will likely still be noticed. But we will also have a new Impulse and core that started the drop, and that one will be above this one. Thus how resistance layers can get built up.