Verizon Communications VZ bearish outlook

Earnings were reported today and beat the estimates so keep that in mind. The technicals though look bearish IMO. We have hit a major trend line which so far hasn't been broken and looking at the size of the wick we hit a lot of selling pressure. Also we have created a Bearish Bat pattern which was completed when we touched the trend line . Would have been the perfect entry but still see plenty of downside potential. Also worth noting we have some bearish divergence on the 4hr RSI .

Playing the Bearish Bat my prices targets are:
Target 1 - $55.73
Target 2 - $55.17
Target 3 - $54.60

Good luck traders