Look for price to hang out in the price range box for several days before moving down. If you want to open a position towards the top of the price range box that is fine. Personally I'm going to wait for some sort of failed breakout towards the top of the price range before getting involved on the short side.
I'm giving two target prices to close your position on. Personally I would close out about 20-40% of my position at the first target price, then look to close out the rest at the second target price.
Good Luck
I'm giving two target prices to close your position on. Personally I would close out about 20-40% of my position at the first target price, then look to close out the rest at the second target price.
Good Luck