Market Frequency - Kite Analysis - US30 H1 - Short
Analysis
- Black: D1 long fork (near the lower parallel)
- Red: There is no valid H4 fork. Pevious week's levels
- Orange: There is no valid H1 fork. Pevious day's levels
- Yellow: m15 short fork (lower parallel)
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Short trend, long correction. If the m15 fork breaks, it is long. I'm expecting a sniping or banding.
- Black: D1 long fork (near the lower parallel)
- Red: There is no valid H4 fork. Pevious week's levels
- Orange: There is no valid H1 fork. Pevious day's levels
- Yellow: m15 short fork (lower parallel)
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Short trend, long correction. If the m15 fork breaks, it is long. I'm expecting a sniping or banding.