Price is at a support/resistance
level. A head and shoulders
pattern is also formed. Look for sell signals in the sell zone. stoploss zone starts from the right shoulder and extends higher than the left shoulder. target#1 zone is limited by ab=cd
measurement that is pretty common target method. target#2 is the standard height of the head target. If no reversals appear in the sell zone then no short positions should be opened. If price breaks the sell zone to the upside with a large expansion bar+follow through then buy positions should be considered. Good luck.