Potential Bat pattern: 1. A-B retracement hit 50% retracement level of X-A 2. B-C retracement approaches 61.8% of A-B.
If price hits 61.8%, then it should retrace to 88.6% of X-A, which is matching 161% extension of A-B
Pattern is invalidated if: a. Price doesn´t hit 115.525 b. Price closes monthly candle above 122.781
Additionally: a. MACD shows divergence almost completed b. Price almost reached an important resistance area near 116 c. Price stays within a pitfork´s limits