How to read the 4H chart
- 20D 20-day · 74 candles · 85% through · bottoming · trend up
- 10D 10-day · 37 candles · 70% through · overdue · trend flat
- 5D 5-day · 16.7 candles · 126% through · bottoming · trend down
- 2.5D 2.5-day · 8.8 candles · 102% through · bottoming · trend flat
- 1.25D 1.25-day · 5.1 candles · 79% through · down · trend up
Cycles in calendar time (L3 p197): 20-day ≈ 74 candles, 10-day ≈ 37 candles, 5-day ≈ 17 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 overdue (more than 1.5 periods since its last trough, L5 p482) · 5D bottoming · 2.5D bottoming · 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).
Buy: price crossed the 2.5-day FLD at $203.92. Objective $207.32 (1.7%), the move before the cross repeated past it (L3 p200-203). Stop $200.37, 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 10-day wave (L2 p83-103): not broken yet.
Down-VTL of the 10-day wave (L2 p83-103): not broken yet.
Next 20-day low (L3 p254): due between 2026-10-23 00:00 and 2026-10-29 05:52 UTC.
Envelope (L3 p197): grey band around the centred 10-day average. Price now $209.45.
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.