How to read the 4H chart
- 20D 20-day · 71.2 candles · 7% through · up · trend flat
- 10D 10-day · 35.6 candles · 14% through · up · trend flat
- 5D 5-day · 17.8 candles · 28% through · up · trend up
- 2.5D 2.5-day · 9 candles · 55% through · topping · trend up
- 1.25D 1.25-day · 4.8 candles · 105% through · bottoming · trend up
Cycles in calendar time (L3 p197): 20-day ≈ 71 candles, 10-day ≈ 36 candles, 5-day ≈ 18 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 up · 10D up · 5D up · 2.5D topping · 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 $26.99. Objective $26.23 (-2.8%), the move before the cross repeated past it (L3 p200-203). Stop $27.79, 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): on track, the objective has been reached.
Up-VTL of the 20-day wave (L2 p83-103): not broken yet.
Down-VTL of the 20-day wave (L2 p83-103): not broken yet.
Next 2.5-day low (L3 p254): due between 2026-10-23 00:00 and 2026-10-25 04:16 UTC.
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 $25.69.
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.