How to read the 4H chart
- 10D 10-day · 38 candles · 42% through · topping · trend down
- 5D 5-day · 19 candles · 84% through · down · trend flat
- 2.5D 2.5-day · 10 candles · 30% through · up · trend flat
- 1.25D 1.25-day · 4.8 candles · 63% through · down · trend flat
Cycles in calendar time (L3 p197): 10-day ≈ 38 candles, 5-day ≈ 19 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): 10D topping · 5D down · 2.5D up · 1.25D down.
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).
Buy: price crossed the 5-day FLD at $76.41. Objective $78.55 (2.8%), the move before the cross repeated past it (L3 p200-203). Stop $74.26, one tick past the latest low/high (L2 p126). The longer waves give a trend call of "flat", so the objective should be roughly met (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 5-day wave (L2 p83-103): broken, so the 10-day wave has troughed (L10 p1072).
Next 5-day low (L3 p254): due between 2026-10-23 05:32 and 2026-10-26 05:30 UTC.
Envelope (L3 p197): grey band around the centred 5-day average. Price now $79.13.
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.