marsfxtrader

NZDUSD Chart - Placement of X

FX:NZDUSD   New Zealand Dollar / U.S. Dollar

Please share your experience about where would you place your X on this NZDUSD chart? At 07-11-2017 (LOW: 0.67806) or at 07-12-2017 (LOW: 0.68237).

I am interested in this because I placed X at 0.68237 and was proved wrong today, though it looked like the start of the main impulse wave. Moved X down to 0.67806 and realized 88.6% retracement wasn't complete and today's down move was in the cards.

What I am leading to is that is there a rule about determining starting point X of a harmonic pattern?

Thanks
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