Let’s look at an example of time and price parameters coming together
in the mini-sized gold contract traded at the CBOT (see Figure 13-2). Here
we are looking at an example on a 15-minute chart. Notice that as gold was
trading down from the 657.50 high made on 3/8, there were a few standout
bars on the timing histogram below the chart. This occurred at the same
time that a key price support decision was tested at the 651.60–652.20 area.
A low was made at 652.10 into these key time and price parameters. This
low was followed by a tradable rally.