Market Frequency - Kite Analysis - EurJpy H1 - Long
Analysis
- Black: D1 long fork (median line)
- Red: H4 short fork (over the upper parallel) and previous week's levels
- Orange: H1 long fork (median line) and previous day's levels
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Short correction and long trend. If the H1 fork falls, it is short. The larger time frame fork, can pull back the price.
- Black: D1 long fork (median line)
- Red: H4 short fork (over the upper parallel) and previous week's levels
- Orange: H1 long fork (median line) and previous day's levels
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Short correction and long trend. If the H1 fork falls, it is short. The larger time frame fork, can pull back the price.