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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.