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
ASX200 - falling into an 18 month cycle trough.
Weekly chart. A major nest of lows is due in early December, the 18 month cycle trough circa 6,700. This means that the underlying trend is hard down, which in turn means shorter cycles' rallies should be brief and peak early; declines should be more protracted and trough late.