0x Protocol
Education

Pulse of an asset via Fibonacci: ZRX nearing Major Impulse Redux

Updated
"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: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only

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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.
Note
Let the Core Wars Begin!

Here we are, at the Impulse Zone snapshot

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Zoom IN (1 min) snapshot wow, High altitude Core Wars are not for the faint hearted.

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Note
Core Wars Round 1 to the Bears

Nasty hot stuff up there, but a valiant effort by Princess ZRX snapshot Now she is using the 1.236 as first speed brake,
then she can use the 1.382 to reduce air speed dramatically.
and look for a soft landing on the 1.618 for some rest and regrouping.

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Note
Core Wars continue

Bulls are still in the Impulse Zone, trying to get back into the Core tradingview.com/chart/JSRu2dwm/ Not much to conclude yet, but as long as bears control the Core, they have the "higher ground"

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Note
Oops, wrong link above.
Zoom on the recent price action around the Core snapshot

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Note
Core Wars Round 3.

Back at the core, notice the blue arrows. snapshot usually such a triple rejection from subsequently lower fibs knocks the wave down pretty far.
But she came back from a pretty shallow dunk.
Not saying it "will" go higher, but it has a better chance than others in similar situation

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FibonacciSupport and Resistance

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag