Market Frequency - Kite Analysis - UsdJpy H1 - Short
Analysis
- Black: D1 long fork (between the median and the upper parallel)
- Red: H4 long fork (over the lower parallel) and previous week's levels
- Orange: H1 short fork (over the lower parallel) and previous day's levels
- Yellow: m15 short fork (upper 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. Target is the low of the H1 short fork.
- Black: D1 long fork (between the median and the upper parallel)
- Red: H4 long fork (over the lower parallel) and previous week's levels
- Orange: H1 short fork (over the lower parallel) and previous day's levels
- Yellow: m15 short fork (upper 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. Target is the low of the H1 short fork.