Here is what I see:
(1) The pattern completes right at a level that has been recent (green dashed line with circles identifying the touches).
(2) The pattern also has a 2 BC and 1.618 AB close confluence which makes up the PRZ (purple rectangular region).
(3) I have set my first target to be somewhat below the because of the main (blue dashed line)
(4) If it breaks this level, then I will look for a target (orange dashed lines)
Trade wisely, Trade Responsibly
But when prices do get to the PRZ, the method of entry is based ONLY on your own trading plan. I only present the idea. You as the trader and business owner have to find the best method of entry based on your own trading plan. Hence the phrase I made up that I add to all my ideas: Trade wisely, Trade responsibly :D
ok. back to my topic. If you use a limit order, where will you place it: @0.886XA retracement or @1.618AB expantion(projection)?
You must have meant the 2.0BC extension. In this situation, I personally would want it to complete right at the 0.886 XA. mostly because of the structural level.