After the Bat pattern completion that rolled over for at least T1, a large wedge is forming at the moment. It's going to break out, the question is, in what direction?
If we take the last move up and measure out a potential AB=CD pattern, we end up around $800.
If it's going to break down, It's likely we will get a retest of the low structure level of the wedge around $550.
That's not how I trade it. Besides that, those picturese are way to vague. Can it close above 50%? or doest it only have to touch 50% according to that picture? If you check the cypher pattern on google for instance, you will likely find the wrong fib. levels to use.