I'm not entirely sure what you want explained but I will give it a go:
FF thinks you may have ovulated on Saturday (indicated by the dotted line) when you had your temp spike. It looks as though you may have had an ovulation dip as well, which is another sign that you ovulated. You would have an unbroken solid red line to indicate ovualation if your other symptoms (CM and CP) also fell on that day. A temp rise is the most accurate way of telling whether ovulation has occurred or not - CM and CP are only secondary and while they are important, not everyone experiences lots of EWCM.
Your chart currently says that you are 4 days past ovulation. You are currently in the TWW. You can test in about 10 days.
Don't stress that your temp peaked and dropped back again, it is still above the red dotted line so it is fine. Even if it drops below the dotted line for a day it is okay - temps are pretty fiddly things to get entirely accurate and there are lots of things that influence them. Just keep temping daily. You can expect AF to arrive if your temp drops for a couple of days. If it stays elevated, to 14 DPOs, take a HPT. Be warned though, one of the girls in my TTC group didn't get her temp dip until after AF arrived. Everyone is different.
I really hope this is your month and you get a BFP. If you don't, hang in there. Charting will improve your chances immensly and as you get to know your own body, you will get better at understanding what is going on with it. If you do happen to have difficulties getting pg, charting is a great place to start as it will give you lots of info that you can take to your doctor so things can start happening faster.
Good luck and look forward to reading your Pregnancy Announcement hopefully in the very near future
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