ARBB 7181
At first glance without entering the Fibo levels, price may seem to be in a ranging mode, however that is not the case. The truth is that prices are actually leaning towards the downtrend ranging mode. Why?
Notice I added something new today which I am going to reveal today. One of the Fibo Secrets which is The Balancer. The Balancer is a hidden line inside the prices which the purpose is to bring balance between the Bulls and Bears. The power of Yin and Yang, when one side is stronger, an off balance will occur and The Balancer is there to detect it.
Now notice that both the balancer intersects with each other? At the same time prices are below both of the balancers. This indicates Full Momentum towards the downside as now the Bear energy is at it's peak or strongest. Prices should continue rally down towards the next Fibo Support. Let's avoid entering of now and rather observe at the side lines.
Industry: Software.
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