Thor taught this strategy in yesterday's morning session and I was able to put it to use the very same day, thanks @Thor!
I'm sure I missed some details, but the gist is to use levels of support/resistance combined with volume supported bounces to go short or long in the other direction. Thor said he was planning on doing a video around this idea soon, but thought I'd share what I gathered first.
After further thought about it this type of trade, it has similarities to @Peter's Mountain Pass strategy, but with more emphasis on volume. It worked out pretty well for me on SQ yesterday.
When a stock hits a level of resistance and then rejects with volume that's the "Top of the Volume Range"
The stock then bounces off a support with volume which sets the "Bottom of the Volume Range"
The long position should be taken as close to the "Bottom of the Volume Range" as possible
The target is the "Top of the Volume Range"
I'm sure there's more to it than this, looking forward to learning more when Thor's able to put something more detailed together.