A potential bearish bat pattern formation for a short/sell opportunity.
Bat Pattern: XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 38.20% < A point AB leg Dpt completion - 88.60% XA leg - ENTRY
SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level. TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern).
Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
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TP with the almost 1:4 RRR is already taken if you have re-enter at the price for a short or with a good 1:1 RRR on the initial trade setup.