I agree to your idea. In addition I would say that the bat will complete (if it will..) exactly at the longer term bear trend line resistance, an additional plus to this trade, since these levels are price action magnets anyway. Good luck!
I think this pattern can be traded right now and in worst case scenario, if it will not reach targets till Thursday, SL can be adjusted to break even thus avoiding losses due to high volatility. Anyway, my order got already filled (my strategy includes a 10 pip early entry in case of advanced patterns), so I'm in this, let's see how it evolves.
This is an additional sign that we are correct in estimating the short direction, a Cypher just got filled on a lower time frame 15M. I trade such kind of rare situations with doubling my position for a short term and trading this new pattern as another opportunity, trailing my stops and maybe it could be a double profit in there... :)
Here on this 15M time frame Cypher, T1=0.382, T2=0.618 fib retracements of CD leg, but after it will reach targets, I will not close the positions, but will trail the stops, because of the bat pattern which is already triggered on the hourly..