Looks like it could be pssbly. here but it is pssbly. bc . u have to look at the overall mkt. picture right now which is def. macro bearish/short.......but this could be an inverse HnS pttn. w/ a b/o of the pttn. & extension of the move bringing this to tgt .#1=608.....of course watch the overall mkt. for any reversal bullishly & if price breaks the 515 level then the pttn. is invalid & the re-shorting can begin
For a HnS pttn. you find the length/price b/w the top of the H & the baseline or neckline......from there you have the length of the extension which you apply to where you think it will b/o around the right shoulder of the pttn......that's how the 608 level was derived from but the point of the b/o of the pttn. could be at a diff. spot so it just depends on where the actual b/o occurs from in the pttn.