I'm mostly going by what I'm reading/hearing myself and what makes sense. When it comes down to the low volume making it easier to move the market I guess it's most important for fakeouts as you want to see some volume behind moves first to avoid getting stopped out by those.

As I understand, the more times it touches the resistance, the more the bears get exhausted and run out of fund and the more likely it is that the resistance will break.

Exactly. Also when you take it to the extreme, If something managed to hold 100 times it's far more likely to hold the 101st time compared to something that managed to hold 3 times not breaking the 4th time.

Looks like it broke to the downside and exactly hit the green longer term resistence line. That might turn into support.

TA is quite fun, I still have a lot to learn though but I like the process.