The value structure of Franklin Carmichael is mid-key: quiet, controlled, and cohesive. A distinctly cool atmosphere runs through this palette: sky, water, and mist given colour form. Every colour is desaturated; the palette proceeds through near-neutrals and gently-coloured greys. #505026 functions as the palette's exclamation mark: highest chroma, lowest percentage (8.9%). 57 units of value range underpin the palette's structural clarity: the eye always knows where light falls. The mid-to-high key, cool bias, and moderate chroma point to outdoor observation - sky and diffused daylight as the dominant light source. Palette 5 sits within the larger chromatic argument that Franklin Carmichael's complete body of work advances.