Gold erased most of the last leg up, but only "most" of it. Why not "all"? Is this a "Dead Cat"? Will it "Crash" further? With the correct "impulse" identified, we can gather clues.
Now that it is back to the Impulse, next move is crucial. If it lingers in "Accumulation" zone, expect another push up. If it reaches the "Impulse Core", observe closely for strength.
"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 Buyers still there? Enough to absorb the selling 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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評論
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Pings!
Couple of prefect pings since posting Some CAD econ news just came out, maybe cause for the wobble.
Thank you for sharing this. I made a snashot of silver for easy reference. To see what happened after the 1st impulse at the beginning of December. It may means anything or nothing but its a fact that Silver as already fallen below that impulse. Tx again for sharing. C u in the chat. :)
EuroMotif
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@cozzamara, HI, that is very good information, thanks for heads up.
Of course we do not know if gold will do same, as you mentioned, but I suspect it will do something similar.
That last leg up was based on bad US econ reports and the drop was due to good US econ.....
So I guess we are back as if nothing happened :) But this impulse should give us some clues I hope ....