Guys, a potential cypher pattern is on my radar. Looking for it to complete to enter long. Note a bearish head and shoulders pattern. Typically the stops for H&S are place just above the right shoulder. As we can see price spiked that level and moved to the downside. I think major players were pushing the price higher beyond the right shoulder to trigger the buy-stops to have buyers to counterpart their selling positions. I suppose, price will either consolidate sideways for some time or drop even lower. In this situation I won't place my extended targets but rather take the conventional ones. Have a good day.