Part of my ongoing series to observe certain Price Action events. An "Impulse" creates "Ripples" like when a Pebble falls into Water. The Ripples make up the "Wave" which eventually ends and recedes.
As the Wave recedes, it will collide with Ripples in opposite direction. If the Wave returns to Impulse, that is an event worth close scrutiny. As the Wave gets closer, each turn in price provides a clue to the future.
Are the Buyers of the Impulse still there? Are they eager to jump in earler this time? Are they exhausted and abandoned the core?
The above example is part of this collection of "Impulse Redux" events:
Examples of my General concept of "Pulse of an Asset" started here:
Further detailed examples of the General Concept in "Chapter 2":
Lastly here is another collection of a specific occurance, the "9.618 Murderer of Moves":
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In the live example at the top, we have just hit the Impulse Boundary and a little bounce as can be expected, but the Impulse clearly does not have much energy at the boundary. Likely the Core (.618 - .382) will be reached.
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As expected, the Impulse Core was tested and seems to be bouncing, just as BTC is cooling off.
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Sorry for lack of update. The Impulse Core did not hold of course. But a decent bounce near very end of the impulse zone. Now we need to get past 389 sats asap then 410, to have any hope of uptrend starting.
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