YYWUSD Descending Triangle possible breakoout.

It looks like a descending triangle has formed on the 1 hour chart of YYW. Looking at the Fibonacci extension it looks like the 161.8 is around .57 and the Gann fan shows that we are still in the 1/2 section (Bullish). Please provide any constructive feedback on Gann fans. I do not know a lot about them but am experimenting.