The chart speaks for itself. This one is spot on. PRZ ( OTE short) between the .618 BC extension (at damn near $630) and .886 of XA retracement ($667), which is also on top of the "preferred" completion point of 2.00 extension BC .
Nice call! If you use heiken ashi bars and choose the top of the first red candle towards A (regard that as the X) and draw a schiff pitchfork between the extremes then D of that bat pattern comes RIGHT at the median line of that fork AND the 0.68 retracement. so I think the reversal will be at 640. Good trading.
You are welcome. It seems like a weird way to identify X but Ive been testing it for over a month now and found out that even though it increases the risk (stop loss still goes above the "conventional" X) it also made sure that I entered many winning trades based on advanced patterns which otherwise I would have missed. If you want to see an example here is an idea where Ive put it to the test upfront. Cheers