overall structure is fine, but you have been a bit premature with labeling your D point, as it has not hit the 78.6% of XA yet, and currently in that picture has not shown signs that it is bouncing up.
better would be to assume it is going to bounce on the 78.6
but yes. when the markets re-open again, the price well may have already hit the 78.6% and have already began bouncing up.
If that is meant to be a Cypher then it's wrong because your B leg did not retrace nowhere near enough
oh, just one more thing. your D is meant to land on the 78.6 of XC if it is a cypher you were attempting. your D appears to land on the 1.272 or 1.61 extension of XC
if it was a butterfly you were attempting [because i know the D point to a butterfly can appear round about the point where you have your D], then your C is higher than your A so this invalidates a butterfly as with butterfly's the C has to be lower than your A
Last edited by defiance888; 03-17-2013 at 07:13 AM.