This was a fantastic day...
So what were the finessed measures used to trade during this 24-hour market cycle?
GOLD
I would say that gold's money measure is the
ten-minute "yellow brick road" at 0.02% deviation, though it's best if the direction of this measure is confirmed by the bold black 20-minute baseline. Even so, the precious metal's "ultimate"
intraday destination is suggested (or conveyed) by the slope of the aqua 30-minute baseline. The assets' frequent short-lived fluctuations are tracked by (meaning entry and exit levels are suggested by) the dark blue and firebrick 1½-minute price flow channel at 0.01% deviation.
SILVER
This precious metal's frequent kind-of-stable/kind-of-unstable intermediate short-term price action, as represented by the brown four-minute price flow channel at 0.05% deviation,
must be evaluated in light of the much steadier, yet also much less responsive/sensitive,
dark slate gray 13-minute price range envelope at 0.10% deviation, which is a great deal more indicative of where silver is
truly headed. Even so, it's best if the "ultimate" direction of these two measures is confirmed by their positions with respect to AND the slope of the red 26-minute baseline.
CRUDE OIL
This fuel's unstable, frequently fluctuating short-term price action, as represented by the black and grey two-minute price flow channel at 0.02% deviation,
must be evaluated in light of the steadier, yet
still relatively unstable slate blue, orchid and crimson six-minute price flow channel at 0.03% deviation. Even so, the
actual arbiter of intraday bias/sentiment, thereby constituting oil's "money measure," is the black and brown
13-minute price flow channel at 0.03% deviation, which therefore reflects the previous two measures’ "ultimate" destination.
That said, even this
still somewhat unstable 13-minute arbiter can bear a little support (validation) from the "zebra" (21½-minute) baseline, along with the red 20-minute price range envelope at 0.14% deviation.
NATURAL GAS
I would identify as natural gas' money measure the overall directional tendency of the white and goldenrod
ten-minute price range envelope at 0.25% deviation. This price action is confirmed by the slope of the black and tan 17-minute price range envelope at 0.30% and 0.70% deviation. Additional confirmation comes from the somewhat lagging black and yellow "sparkled" 40-mute baseline.
The frequent, unstable intermediate short-term price action (fluctuations)
within (usually) the ten-minute channel is tracked by the blue, red and medium orchid 4¼-minute price flow channel at 0.08% deviation.
FOREIGN CURRENCY PAIRS (FOREX)
This is a slightly different take from that expressed in the previous post…
I would identify the money measure for the currency pairs as the
11½- (or 12-) minute price range envelope at 0.05% (and 0.09%) deviation, though this MUST be evaluated in light of the fluctuations of the maroon and midnight blue short-term, price shadowing, two-minute price range envelope at 0.02% deviation. It also pays to monitor the directional tendency of the cornflower blue and light coral eight-minute price flow channel at 0.03% deviation; and to look for confirmation regarding the 12-minute measure's true intentions from the burlywood 40-minute price range envelope at 0.13% deviation (along with its corresponding baseline), not to mention the sea green 90-minute baseline.
(You should probably at least also add the 30-minute statistical support/resistance level graphics cited in yesterday’s Post #929.)
