Classical: FB is breaking down the channel Gann: FB couldnt break upward the Gann upward trendline (highlighted) + broke 90 degree angel (horizontal yellow line) + 0,618 fib extension
Setup: (Short) entry at current lvls (201.9$) stop loss - closing above the 90 angel (203.49$) target - the length of the channel which is also equal to the 60 degree angel = 192.46$ be careful of the gann upward trendline = 200$ Risk reward ratio = 9.44/1.59 = 5.93 almost 6 for the risk taken