I'm trying very hard to understand the relationships that move the market. Based on essentials like support and resistance I try to determine a direction of the trend. Price is the main element I focus on, using volume to support my hypotheses. Unfortunately it doesn't really seem to work out, I've been trying at this for a couple of months now and each time I think I got/see something and implement it after backtesting, it just doesn't seem to work. Anybody who uses similar methodology and can give his or her opinion please? I'm trying to look at this from other perspectives but don't know what I'm missing or doing wrong here. Attached you find a first chart where I noted my entry point.