its possible a reversal is coming, but in my trading, I wouldn't really care. Counting from the far right, bars 11-13 back are your support structure. Bar 5 is a lower volume down bar into the support structure. I'm looking at entering somewhere around this area without giving too much away. The entire pullback structure is one where price is finding an equilibrium. The 5 or 6 bars that chop and stay rangebound is an example of this. Anything above or below usually mean reversion traders come in. So profit target wise, you're looking at exiting at the highs instead of looking to ride it out.
2 legs? it means trading spreads which involve buying one instrument and selling another instrument simultaneously (or almost simultaneously). two leg strategy could be straddle strategy three leg strategy could be collar strategy four leg strategy could be iron condor.
If you are looking for 1,2,3 try zooming out as much as the plaform allows so that the individual candles mean nothing. Then look for the pattern as it developes over hours or days...not from one 5 minute bar to the next...
Al would say you have too tight a stop. Stop should have been at the top of the high or the top of the first major pullback.