Along with your favorite indicators and time frames ,I suggest that you always check the WEEKLY & MONTHLY support,resistance,and trend lines.GANN FANS and FIBONACCI retracement are also useful.More often than not prices will hit those levels.Make sure you know your candle stick patterns as well.In this chart of CMG you can see that we have a hammer reversal candle at support and near the 38%F.B.retracement.A good place to cover if you were short CMG.
Pice will most likely hit the 23% F.B..which also happens to be a resistance.
Pice will most likely hit the 23% F.B..which also happens to be a resistance.