If we complete, I'm looking to ride this up to retest the highest close of the pattern for my first target, and a 127.2 extension for my second target.
In other words, I'm using this pattern as a reason for entry into a trend continuation trade, and not shooting for the traditional targets og 38.2 and 61.8.
This is something new I'm experimenting with and currently backtesting and forwardtesting.
Should the Bat fail, there's a potential further down. Traditional targets of 38.2 and 61.8 on that since my outside return then will be broken.