QS Harmonics: Long-Haul Easy Trade!

QS appears to have created a rather larger bullish-bat harmonic which has just bounced at the key level of 23.76. Here, we are attempting a late entry, using a very small bullish-bat pattern (small red pattern) for a long trade up to the 0.382-0.618 retracement level, if not higher, as the new pattern unveils itself. I suspect the new pattern to be a cypher pattern, half-built into the side of the preformed price structure; therefore, I placed the 0.786 retracement level on the chart as well. The entry price is one penny above the blue line, while the stop-loss is exactly at the red line. I am allowing more room for the stop-loss here because of the size of the reward for getting this trade to go through and because the price structure formed in this area shows that this would be a generally safe place to minimize loss. Good luck, trade safe, and let's make that money!