00:00now a signature hearst tool the fld the future line of demarcation take the price line and shift
00:07it forward in time by half the length of the cycle you're studying that shifted line is the fld
00:14how is it built hearst use the middle of each bar halfway between its high and its low
00:19choose the cycle you're studying say a 20 bar cycle and shift those midpoints forward 10 bars
00:25every cycle on the ladder gets its own fld a slower line for a longer cycle a faster line for
00:31a shorter
00:32one when price crosses above the fld after a low it suggests that cycle has turned up when price
00:39crosses below it after a high it suggests the cycle has turned down hearst also used the size of the
00:45move up to the crossing to project how far the next leg might travel treat that as a guide to
00:50check not
00:51a promise
