How to read the 4H chart
- 20D 20-day · 72.5 candles · 52% through · topping · trend up
- 10D 10-day · 36.3 candles · 105% through · bottoming · trend up
- 5D 5-day · 16.2 candles · 130% through · bottoming · trend flat
- 2.5D 2.5-day · 9.3 candles · 97% through · bottoming · trend up
- 1.25D 1.25-day · 5.3 candles · 75% through · overdue · trend up
Cycles in calendar time (L3 p197): 20-day ≈ 73 candles, 10-day ≈ 36 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 topping · 10D bottoming · 5D bottoming · 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).
Up-VTL of the 10-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 2026-10-27 14:22 and 2026-11-04 02:27 UTC.
Envelope (L3 p197): grey band around the centred 10-day average. Price now $414.69.
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.