@tradersnotes.ir: The market is in a bearish structure, confirmed by a bearish BOS. Before the breakout, a support trendline was holding price, but once broken, that support becomes a potential Resistance zone. We then wait for the corrective move. Using Fibonacci Retracement on the bearish impulse, we identify the key retracement area. Price retraces upward into this Fibonacci zone and simultaneously retests the former support as resistance. This confluence creates a strong area for a potential bearish reaction. The setup is based on bearish BOS + Support/Resistance flip + Fibonacci confluence + price reaction. 🔑 Key Insight: A broken support is not an entry by itself. The stronger opportunity appears when the retest aligns with a key Fibonacci zone. ⏱️ Analysis Timeframe: 5m 💾 Save this setup and review the Support-to-Resistance concept later. #FibonacciTrading #PriceAction #trading

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Tuesday 01 September 2026 08:54:53 GMT