How to read the 4H chart
- 20D 20-day · 60 candles · 38% through · up · trend down
- 10D 10-day · 30 candles · 77% through · down · trend flat
- 5D 5-day · 18 candles · 128% through · bottoming · trend flat
- 2.5D 2.5-day · 9.3 candles · 150% through · overdue · trend flat
- 1.25D 1.25-day · 4.7 candles · 42% through · topping · trend up
Cycles in calendar time (L3 p197): 20-day ≈ 60 candles, 10-day ≈ 30 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 down · 5D bottoming · 2.5D overdue (more than 1.5 periods since its last trough, L5 p482) · 1.25D topping.
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 20-day FLD at $280.67. Objective $288.94 (2.9%), the move before the cross repeated past it (L3 p200-203). Stop $272.37, one tick past the latest low/high (L2 p126). The longer waves give a trend call of "down", so the objective should be undershot (L6 p628). Guide (L7 p681-693): better, the objective has been reached.
Up-VTL of the 5-day wave (L2 p83-103): broken, so the 10-day wave has crested (L10 p1072).
Down-VTL of the 20-day wave (L2 p83-103): broken, so the 40-day wave has troughed (L10 p1072).
Next 10-day low (L3 p254): due between 2026-10-22 16:00 and 2026-10-26 01:22 UTC; price nest from the down-objectives of this wave and the shorter ones (L6 p628): $266.48 to $275.12.
Pause zone (L10 p1086-1089): the known parts of the 2.5D and 1.25D FLDs lie flat near $280.86; expect a pause there.
Envelope (L3 p197): grey band around the centred 10-day average. Price now $280.07.
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.