Let’s look at an example on a 15-minute chart in the E-mini Russell.
In Figure 12-7, I have run the timing report from the low made at 822.70,
looking for time resistance to the rally from that low and a possible high
and reversal. You will notice that there are two standout clusters on
the histogram below the chart. The first one pretty much nailed the high.
A decline of $8.30 followed that timing high.