How to read the 4H chart
- 20D 20-day · 95.3 candles · 98% through · bottoming · trend up
- 10D 10-day · 47.7 candles · 107% through · bottoming · trend up
- 5D 5-day · 15.8 candles · 51% through · topping · trend flat
- 2.5D 2.5-day · 9.3 candles · 86% through · bottoming · trend flat
- 1.25D 1.25-day · 5.1 candles · 59% through · overdue · trend down
Cycles in calendar time (L3 p197): 20-day ≈ 95 candles, 10-day ≈ 48 candles, 5-day ≈ 16 candles, 2.5-day ≈ 9 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 bottoming · 5D topping · 2.5D bottoming · 1.25D overdue (more than 1.5 periods since its last trough, L5 p482).
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 5-day FLD at $315.18. Objective $319.10 (1.2%), the move before the cross repeated past it (L3 p200-203). Stop $311.00, 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 20-day wave (L2 p83-103): not broken yet.
Down-VTL of the 5-day wave (L2 p83-103): broken, so the 10-day wave has troughed (L10 p1072).
Next 20-day low (L3 p254): due between 2026-10-23 00:00 and 2026-10-28 04:18 UTC.
Cascade (L2 p123): FLDs of two successive waves broke up together, a stronger move.
Envelope (L3 p197): grey band around the centred 10-day average. Price now $327.12.
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.