How to read the 4H chart
- 20D 20-day · 60 candles · 148% through · bottoming · trend up
- 10D 10-day · 30 candles · 123% through · bottoming · trend up
- 5D 5-day · 21.6 candles · 88% through · bottoming · trend up
- 2.5D 2.5-day · 9 candles · 77% through · down · trend flat
- 1.25D 1.25-day · 5 candles · 140% through · bottoming · trend down
Cycles in calendar time (L3 p197): 20-day ≈ 60 candles, 10-day ≈ 30 candles, 5-day ≈ 22 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 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).
Up-VTL of the 20-day wave (L2 p83-103): not broken yet.
Down-VTL of the 10-day wave (L2 p83-103): broken, so the 20-day wave has troughed (L10 p1072).
Next 20-day low (L3 p254): due between 2026-10-23 08:00 and 2026-10-24 16:41 UTC; price nest from the down-objectives of this wave and the shorter ones (L6 p628): below $625.57.
Pause zone (L10 p1086-1089): the known parts of the 2.5D and 1.25D FLDs lie flat near $628.38; expect a pause there.
Envelope (L3 p197): grey band around the centred 10-day average. Price now $627.76.
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.