@tradersnotes.ir: Not every support break is a bearish reversal. Sometimes the market breaks support to trap traders, collect liquidity, and then continue with the dominant trend. Here, the market is in a bullish structure and forms a contracting pennant pattern. Instead of breaking the resistance first, price breaks the lower boundary, creating a potential false breakout. Because the main structure remains bullish, we avoid chasing the bearish move and look for a high-probability reaction zone. Two key confluences identify the area: 🔹 A previous resistance that has turned into support. 🔹 A key Fibonacci retracement zone overlapping the same support area. Price reaches this confluence, reacts strongly upward, and provides the long entry opportunity. ⏱️ Timeframe: 15m #Fibonacci #FalseBreakout #tradingtips

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Monday 05 October 2026 20:04:46 GMT