How to read the 4H chart
- 10D 10-day · 48 candles · 106% through · bottoming · trend down
- 5D 5-day · 24 candles · 104% through · bottoming · trend down
- 2.5D 2.5-day · 12 candles · 100% through · bottoming · trend up
- 1.25D 1.25-day · 6.9 candles · 44% through · topping · trend flat
Cycles in calendar time (L3 p197): 10-day ≈ 48 candles, 5-day ≈ 24 candles, 2.5-day ≈ 12 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): 10D bottoming · 5D bottoming · 2.5D bottoming · 1.25D topping.
FLD lines (L2 p104-125): the mean price shifted forward half a period (5D, 2.5D). The part beyond the last candle is already known. Signals use the price-high/low FLD one candle further (P/2+1, L9 p934).
Sell: price crossed the 2.5-day FLD at $4.67. Objective $4.40 (-5.8%), the move before the cross repeated past it (L3 p200-203). Stop $4.96, one tick past the latest low/high (L2 p126). The longer waves give a trend call of "up", so the objective should be undershot (L6 p628). Guide (L7 p681-693): worse.
Up-VTL of the 10-day wave (L2 p83-103): broken, so the 20-day wave has crested (L10 p1072).
Down-VTL of the 5-day wave (L2 p83-103): broken, so the 10-day wave has troughed (L10 p1072).
Next 10-day low (L3 p254): due between 2026-10-23 04:00 and 2026-10-24 06:24 UTC; price nest from the down-objectives of this wave and the shorter ones (L6 p628): $4.66 to $4.67.
Cascade (L2 p123): FLDs of two successive waves broke down together, a stronger move.
Envelope (L3 p197): grey band around the centred 5-day average. Price now $4.43.
4H and 1D and 1W: not enough history yet to scan (200 4H candles, 200 1D candles, 104 weekly candles needed for a warmed-up trend filter). The chart is shown, but no patterns are looked for.
