Fibonacci_Trader

XAU/USD Potential Bullish Bat

FX:XAUUSD   Gold Spot / U.S. Dollar
530 2 0
Looking at XAU/USD             Monthly chart, It seems that a Potential Bearish Bat was forming with Potential Reversal Zone (PRZ) at 985.
http://harmonic-ichimokutrader.blogspot.com/2014/01/xauusd-potential-bullish-bat-monthly.html
x isn't a major .......
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Although the ratios here work, your "X" point I would argue is in correct. The X point should be sightly to the left which would mean your B point is to high and doesn't meet the 38.2. just because you can draw a low at the end of any candle stick it doesn't make it valid.
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