I consider the short trade based on the bat as an agressive trade so I would advise to proceed with caution: adjust position size accordingly and keep SL tight above the level, a better short entry would be close to the level (0.7835) for maximum R/R...
2 trade examples on chart based on the blue and entry at market!
If this turns out to be a wave 3 it will fail, but that's what money management is for! ;-)
If it goes further up then the next big level to watch for shorts is where a ends (right at the preceding wave 4 high and the 1.27 fib extension...)
Looking for another opportunity now, looking at this:
So here it is with the trendline (rather important one...):