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 ...
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.