The head and shoulders has been more or less confirmed.
As we have a tone of resistances and not a lot emotional strength to begin or continue our short term bull rally, we will likely see a break not only of the current lower support line but also of the head and shoulders support line.
In my wishful thinking we will perform a adam and eve bottom and then got...
The point I'm trying to make with this chart is that currently taking no position at all is the best choice.
A bet on a continuing bull market would result in a 1:1 risk/reward, which is bad.
Shorting might be an option that I didn't consider.