Potential Bat Pattern H4 Chart
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As you can see on the chart, if the C point can end up in the blue box (between 0.382 & 1 fibonacci retracement) it would form a bat pattern and we could expect to see the D point to be in the indicated blue zone (0.886 fibonacci retracement).
In this case, we could even see a push to the key level of 1.29000 before going to the downside targeting 1.28200.
In this case, we could even see a push to the key level of 1.29000 before going to the downside targeting 1.28200.
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