How to read the 4H chart
- 20D 20-day · 109.3 candles · 27% through · up · trend down
- 10D 10-day · 54.7 candles · 53% through · topping · trend flat
- 5D 5-day · 27.3 candles · 106% through · bottoming · trend up
- 2.5D 2.5-day · 14.1 candles · 71% through · down · trend flat
- 1.25D 1.25-day · 7.1 candles · 28% through · up · trend flat
Cycles in calendar time (L3 p197): 20-day ≈ 109 candles, 10-day ≈ 55 candles, 5-day ≈ 27 candles, 2.5-day ≈ 14 candles, 1.25-day ≈ 7 candles. Periods are measured from the phased troughs (L3 p251).
Phasing, longest wave first (L3 p204-237): markers under the candles show each trough, labelled with the longest wave it belongs to; "?" = a possible trough placed by the nominal model, not yet confirmed by an FLD break.
Status (L3 p174): 20D up · 10D topping · 5D bottoming · 2.5D down · 1.25D up.
FLD lines (L2 p104-125): the mean price shifted forward half a period (10D, 5D). The part beyond the last candle is already known. Signals use the price-high/low FLD one candle further (P/2+1, L9 p934).
Buy: price crossed the 20-day FLD at $0.9469. Objective $1.13 (19.9%), the move before the cross repeated past it (L3 p200-203). Stop $0.7893, one tick past the latest low/high (L2 p126). The longer waves give a trend call of "down", so the objective should be undershot (L6 p628). Guide (L7 p681-693): worse.
Up-VTL of the 20-day wave (L2 p83-103): not broken yet.
Down-VTL of the 10-day wave (L2 p83-103): broken, so the 20-day wave has troughed (L10 p1072).
Next 10-day low (L3 p254): due between 2026-10-24 20:00 and 2026-10-29 16:00 UTC; price nest from the down-objectives of this wave and the shorter ones (L6 p628): $0.8645 to $0.9129.
Cascade (L2 p123): FLDs of two successive waves broke down together, a stronger move.
Envelope (L3 p197): grey band around the centred 10-day average. Price now $0.8969.
1D and 1W: not enough history yet to scan (200 1D candles, 104 weekly candles needed for a warmed-up trend filter). The chart is shown, but no patterns are looked for.
