AB, Monthly looks bad

AB looks like a very short-term trade.  You can see that its monthly chart shows on a dead cat, 0.382, bounce up from the 2008-09 dead drop off its top.  There is no long term upside demonstrated here.  I'll take a little profit and bail out.  R/R is under 3:

AB
Buy	15.399
A	14
B	15.61
B-A	1.61
C	14.91
Retrace	43.5%
Dprojected	16.52
Target	16.52
Stop Loss	14.97

 (Stop Loss executed on market close)