If I was to position myself on this market analysis, I recommend a careful selection of entering a short position. Under no circumstances would I consider opening a long position within the next week until revision, and it is recommended to not have a position in the market if you consider not risking a downside short.
Short: Consider seriously
Dark Orange = 1D S&R
Light Orange = 4H S&R
Light Green = 1H S&R
White Trendline = Direction maximum or minimum from reference
If you wish to use a standard model I have developed, refer to: http://i.imgur.com/A895npc.png
Happy trading everyone!
Chapter 17 in "Securities Analysis & Portfolio Managemnet" which you can preview here. https://books.google.com.au/books?id=vmhYIcuYB8cC&printsec=frontcover#v=onepage&q&f=false
contains some speculative strategies you may find useful.