Market Frequency - Kite Analysis - AudJpy H1 - Long
Analysis
- Black: D1 trend long fork (median line)
- Red: H4 long fork (upper parallel) and previous week's levels
- Orange: H1 short fork (near the median line) and previous day's levels
Next move
- Purple: H1 trendlines,
- Blue: H1 levels to be retested
- Short correction and long trend. The rising move, after a false breakout, can widen. If it breaks, the trend is short.
- Black: D1 trend long fork (median line)
- Red: H4 long fork (upper parallel) and previous week's levels
- Orange: H1 short fork (near the median line) and previous day's levels
Next move
- Purple: H1 trendlines,
- Blue: H1 levels to be retested
- Short correction and long trend. The rising move, after a false breakout, can widen. If it breaks, the trend is short.