Let's have a look at AAPL chart. The price is approaching the resistance zone where it got rejected already 2 times . We are expecting that before the succesfful breakout we will get one more rejection therefore it could be a great entry for the short position. The stop loss should be placed above the ressitance line becasue if the price breaks this key level successfuly, the price will enter into the discovery mode and can go much higher before giving a deeper pullback. The target for shorts is in the middle of the range which we've shown on the chart. We're expecting that the price will bounce from this support and will continue the uptrend.