@tradersnotes.ir: Lower highs and lower lows establish the bearish structure. Fibonacci Retracement helps identify a potential zone for the next lower high. Price reaches that area, turns bearish, and continues toward the previous low. Fibonacci Extension is then used to project a potential lower-low target. After price reaches that target and begins another pullback, we identify the next potential correction zone and map the descending channel. The upper boundary of the channel, combined with the Fibonacci pullback zone, provides an area to watch for a potential short entry. Fibonacci Extension helps define the next target, while price confirmation and risk management remain essential. 🎯 The lesson: use market structure to define direction, Fibonacci to map potential correction zones and targets, and the channel to frame the setup. ⏱️ Timeframe: 15m 📕 Traders Notes covers Fibonacci Retracement, Fibonacci Extension, descending channels, and how to identify potential entry zones and targets, with video tutorials accessible through QR codes inside the book. 📌 Save this setup to review how pullbacks can create opportunities in a bearish trend. #DescendingChannel #FibonacciTrading #Forex

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Thursday 22 October 2026 08:46:07 GMT