Possible head and shoulders formation

I would not trade this, we are at a point in time where it could go both ways. If you are, a short entry would be at the top of the right shoulder once that forms. Some directional options strategies may also print here such as:

Inverse Iron Butterfly
Inverse Iron Condor
Short Put Butterfly
Short Call Butterfly
Straddle
Strangle

Please use a stoploss, and if trading options beware of volatility skew thanks.