Nice LRC drawing Dezil...
One more thing I observe when drawing a LRC is the reaction of price to the hypotetical median line of the LRC, observe here in the DAX 30 min chart the swings the price makes on the boundries of the LRC I marked and the "mini swings" that makes at the median line of the channel...when you have both these signs you are sure you have drawn a good LRC and its BO measured moves (=your POEs) would be very accurate.
One more thing I observe when drawing a LRC is the reaction of price to the hypotetical median line of the LRC, observe here in the DAX 30 min chart the swings the price makes on the boundries of the LRC I marked and the "mini swings" that makes at the median line of the channel...when you have both these signs you are sure you have drawn a good LRC and its BO measured moves (=your POEs) would be very accurate.