So, as price consolidates under the daily FLD, just a quick recap on what these Lines in the Sky mean. The thick green line at the bottom of the screen is the current daily trend line - it uses a Hull Moving Average that represents the median line through the daily price bars and suffers very little lag on a daily basis. The FLD is the same line and calculation, but displaced (shifted) forward by half of its' cycle. What we therefore get is a comparison of the current daily cyclic trend to the 2nd half of its' last cycle. If price passes through the FLD, I assume that the current trend is now dominating in a new direction and is not tailgating its' vapour trail, but creating a new one. This is not a guaranteed outcome of course but combined with the EW counts, SMi clusters and My-Wave formations across multiple time frames, I think there is a positive expectation in the trend being sustained to bank some worthwhile pips. So, keeping an eye on that FLD for now and will come back later if we get a 'cut'.
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