"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.
Nasty hot stuff up there, but a valiant effort by Princess ZRX 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.
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"
Back at the core, notice the blue arrows. 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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.