Link to guidance notes for Hurst cycles terminology: FLD, VTL, Translation, Diamonds, Circles/Whiskers etc. Note: peak and trough zones colour coded by cycle magnitude, from 20 day to 18 month.
The 54 month cycle has peaked already and the longer term tenor is bearish. The sharp advance at the moment is an 18 month cycle upswing. This is due to top in July, but in the meantime the 40 week cycle is due to rollover and bottom in April.