On the 1 hr
chart i think price could go up to the 50 sma
and at that point if the RSI
on a smaller time frame such as the 15m and or the 5m chart is in the over bought zone (above 70) then i would wait for the RSI
to go back into the neutral zone and take a short position... if the RSI
never makes it into the overbought zone i would not take any position..