I'd like to open a discussion on support and resistance. It's becoming more apparent to me that regardless of whatever indicators or strategies you employ, ultimately you need to identify areas of support and resistance before effectively using your tools.
What I'm thinking is a discussion that maintains a somewhat strategy agnostic perspective. I stress somewhat, since it's inevitably incorporated into systems, indicators, or whatever. Do you use volume? Candle formations? Time? Moving averages? Fibonacci? Why?
The other part of this is once you've found support or resistance areas, what do you do with it? I'm new to this, so even when I pat myself on the back for correctly identifying a key level, I'm clueless on what to do with it, whether it's wait for a retrace back, go with the breakout, find the next level, etc. Maybe this will help others like myself.