Ive noticed this pattern on the daily ECAD chart, Im looking for a retranchement into the daily imbalance of July 6th , since all other imbalaces have been filled. the r:r is not bad at all, and worth a shot. If price doesn't retrace that far, I would wait for either a break of the low of the pattern, or a break of the high, and then implement the teacup rules. ( size of cup is TP target, SL just below the handle. )