HarmonicCypher formed at the H4 time frame. Short target expected at point B, if not, stops should have been placed at break even upon price drop. Add lots or remove accordingly. Possible GU Weekly turnover for a long term long.
Update: Common stop hunt occurred. When major shorts are obvious for the entire market across the globe, these spikes occur to take out the stop users. Never uses stops if you know where the price is going. If you do, you do not know where the price is going, therefore better not trade it.