[Bfbusa]

Hello Asop,

This is something that can only come with experience. There are three things that I look for.

First is you should know where your Stock/Future contract support and resistance levels are located. Also, day or previous days hi/lo are, and pivot points.( for pivot point education check out the video section of this website).

Second, when price approaches any of these above levels start to watch how volume behaves. Look at the tape. I am in the process of learning tape reading but it already has placed me in profitable trades and also kept me from placing what would have been losing trades. ( The video section has a great videos with tape reading made by SoulTrader, Traderlaboratory's founder ).

Third, I like to look for certain candlestick and/or technical patterns that appear intraday. The falling wedge pattern and the candle stick hammer when appear at the day Hi/Lo or swing Hi/Lo are very powerful patterns with a high probability of profitability. If you don't know what they are, read books.

Now when two or all three or these conditions are present at a particular price level, a reversal may be in progress.

Hope this helps.
Good Trading