Along with your favorite indicators and time frames ,I suggest that you always check the WEEKLY & MONTHLY support,resistance,and trend lines
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.