Market Frequency - Kite Analysis - AudJpy H1 - Long
Analysis
- Black: D1 trend long fork (between the median line and the lower parallel)
- Red: H4 long fork (lower parallel) and previous week's levels
- Orange: There is no valid H1 fork. Previous day's levels.
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Short correction, long trend. If the H4 fork falls, it is short
- Black: D1 trend long fork (between the median line and the lower parallel)
- Red: H4 long fork (lower parallel) and previous week's levels
- Orange: There is no valid H1 fork. Previous day's levels.
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Short correction, long trend. If the H4 fork falls, it is short