Bat matching up with long term support

weve been in a short term down wedge and was looking to see if wed bounce of the resistance and head to the down side or break out to the upside. so i then zoomed out and noticed the bat formation and then saw the support and resistance we have on the bigger time frames and saw that not only would the bat formation indicate a long but also current support that we are coming up on. i would say this is a long position with a tight stop loss just below to support for a nice risk to gain
I am not the best out there so any opinions and feedback would be nice. good luck!