Principals of Trading
The more timeframes (1-min, 5-min, 1-hr, etc.) a significant level aligns on, the more significant that level is.
It's HARD to get in at good prices
&
EASY to get in at bad prices
Volume is the biggest "tell".
A big move with big volume is the best indication of direction.
The shorter the timeframe, the more difficult it is to trade.
Only trade the timeframe that makes sense.
Prices compress before they express their direction.
Trade the trend by getting in on pullbacks once the trend has been well established.
A legitimate support/resistance level will reject the price swiftly.
Long tails up/down with a dramatic snap back from the level.
Stocks only do two things:
1) Trend
2) Consolidate
Sell into strength
&
Buy into weakness
The most obvious setups are the best setups.
Prices often don't bounce/reject down to the cent.
It's often a prize "zone".
So each support/resistance level trade has to be given some "room" to prevent getting wicked out.