You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
The overall tenor is a longer range uptrend with the 40 week cycle having bottomed in early April and still only 62 days old. As such we look for uptrend re-joins out of price declines.
Read the full post here.
