Once the EMA's cross, price should roll up to the blue triangle area. This is a great area to short. It should then continue to roll down and touch the first target. Close out of 1/3 of your contracts. It should then press downward and try to touch T2, which is a good time to close out of another 1/3 of your contracts. The last 1/3 should be saved for T3. There is still great possibility that it will not touch T3, but if it doesn't, close out of the last 1/3 in between T1 and T2.
Comments
Jacksonian
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It had quite a rise, but should continue to fall down. There was some strong rejection at the .9896 level, and if price breaks the .9855 level, it will head on down to target 1