Above we can see the trend line for a movement within bearish weekly channel on Silver. Price has hit the trend line and I expect will drop to our D point once support is broken during the trend. Adding confluence to this movement is the bearish bam theory- the harmonic movement will push price down should the daily candle break below this level!
Risk is minimum 1:2 - I will hold this short position but will not be taking the bat movement. I am simply using the BAMM theory to add to my bearish sentiment. Please see a similar trade below on the AUDUSD!
Risk is minimum 1:2 - I will hold this short position but will not be taking the bat movement. I am simply using the BAMM theory to add to my bearish sentiment. Please see a similar trade below on the AUDUSD!
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Here is my generic overview of the bigger picture
