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
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