How to read the 4H chart
- 20D 20-day · 84 candles · 114% through · bottoming · trend down
- 10D 10-day · 42 candles · 43% through · topping · trend flat
- 5D 5-day · 21 candles · 86% through · bottoming · trend up
- 2.5D 2.5-day · 9.6 candles · 63% through · down · trend flat
- 1.25D 1.25-day · 5.1 candles · 119% through · bottoming · trend down
Cycles in calendar time (L3 p197): 20-day ≈ 84 candles, 10-day ≈ 42 candles, 5-day ≈ 21 candles, 2.5-day ≈ 10 candles, 1.25-day ≈ 5 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 bottoming · 10D topping · 5D bottoming · 2.5D down · 1.25D bottoming.
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).
Sell: price crossed the 20-day FLD at $263.49. Objective $242.23 (-8.1%), the move before the cross repeated past it (L3 p200-203). Stop $286.91, one tick past the latest low/high (L2 p126). The longer waves give a trend call of "down", so the objective should be overshot (L6 p628). Guide (L7 p681-693): better, the objective has been reached.
Up-VTL of the 10-day wave (L2 p83-103): broken, so the 20-day wave has crested (L10 p1072).
Down-VTL of the 20-day wave (L2 p83-103): not broken yet.
Next 20-day low (L3 p254): due between 2026-10-23 12:00 and 2026-10-24 14:08 UTC; price nest from the down-objectives of this wave and the shorter ones (L6 p628): below $246.61.
Cascade (L2 p123): FLDs of two successive waves broke up together, a stronger move.
Pause zone (L10 p1086-1089): the known parts of the 2.5D and 1.25D FLDs lie flat near $239.45; expect a pause there.
Envelope (L3 p197): grey band around the centred 10-day average. Price now $252.89.
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.