A potential short opportunity at the completion of a bearish bat which is the 0.886 retracement of the XA leg
Stops need to go above X. There is a major structure level above X looking left. Pay attention to that level when placing stops. If the risk/reward doesn't meet your rules, simply wait for an entry reason on the lower timeframe
(a double top for example).
TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D
Stops need to go above X. There is a major structure level above X looking left. Pay attention to that level when placing stops. If the risk/reward doesn't meet your rules, simply wait for an entry reason on the lower timeframe
(a double top for example).
TG1 is at the 0.382 retracement from A to D. TG2 is at the 0.618 retracement from A to D