How to read the 4H chart
- 20D 20-day · 80 candles · 34% through · up · trend down
- 10D 10-day · 40 candles · 68% through · down · trend flat
- 5D 5-day · 16 candles · 69% through · overdue · trend flat
- 2.5D 2.5-day · 9.6 candles · 42% through · topping · trend down
- 1.25D 1.25-day · 5.1 candles · 79% through · down · trend flat
Cycles in calendar time (L3 p197): 20-day ≈ 80 candles, 10-day ≈ 40 candles, 5-day ≈ 16 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 up · 10D down · 5D overdue (more than 1.5 periods since its last trough, L5 p482) · 2.5D topping · 1.25D down.
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 10-day FLD at $316.05. Objective $303.99 (-3.8%), the move before the cross repeated past it (L3 p200-203). Stop $328.92, 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.
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 10-day low (L3 p254): due between 2026-10-25 05:01 and 2026-10-28 09:17 UTC; price nest from the down-objectives of this wave and the shorter ones (L6 p628): $303.62 to $314.78.
Cascade (L2 p123): FLDs of two successive waves broke down together, a stronger move.
Pause zone (L10 p1086-1089): the known parts of the 2.5D and 1.25D FLDs lie flat near $313.78; expect a pause there.
Envelope (L3 p197): grey band around the centred 10-day average. Price now $314.87.
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.