"Impulse" is a surge that creates "Ripples", like a pebble into water. Ripples emanate outward until energy dissipates or a new Impulse acts. As the distance from the impulse increases, the odds of ending increase.
1.618 Ping was the early confirmation of this Fib series. 9.618 is in reality the 8th harmonic away from the impulse. 8 is a "fib number" and thus the relevance of 9.618 extension.
4.618 is the Average retrace target. 5.618 is the Bullish bounce to look for. 3.618 is the Bearish end and a last stand.
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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And a BEAUTY I bought some. That was a "prescribed" retrace point, and that Ping was a MUST buy. SL and BE now, lets see if we go
Zoom IN (34 min) for a closer look at the price action since posting That double Ping on the 4.618 launched it, after bottoming at the 3.168, albeit not a clean bottom.
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Zoom IN more (5 min) Bulls were not able to capitalize on a clean Ping of the 5.618. That after a very nice Ping bounce from the 4.618. Now we watch the 5.236, a strong middle ground perhaps.
wow, just remembered I had published this idea in Feb 2020. Now it is July 2020, and here is where we are : Fell below the impulse, (fib 0,1) but is not back ABOVE it,
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