Market Frequency - Kite Analysis - AudJpy H1 - Short
Analysis
- Black: D1 trend long fork (between the median line and the upper parallel)
- Red: H4 long fork (median line) and previous week's levels
- Orange: H1 short fork (retests to the upper parallel) and previous day's levels. There is no valid H1 fork.
- Yellow: m15 short fork (retests to the lower parallel)
Next move
- Purple: H1 trendlines,
- Blue: H1 levels to be retested
- Long correction and short trend. If the m15 fork breaks, it is long. Its target is the top of the forming H1 fork. Complicated opposite movements may occur.
- Black: D1 trend long fork (between the median line and the upper parallel)
- Red: H4 long fork (median line) and previous week's levels
- Orange: H1 short fork (retests to the upper parallel) and previous day's levels. There is no valid H1 fork.
- Yellow: m15 short fork (retests to the lower parallel)
Next move
- Purple: H1 trendlines,
- Blue: H1 levels to be retested
- Long correction and short trend. If the m15 fork breaks, it is long. Its target is the top of the forming H1 fork. Complicated opposite movements may occur.