Market Frequency - Kite Analysis - EurJpy H1 - Short
Analysis
- Black: D1 long fork (between the upper parallel and the median line)
- Red: There is no H4 fork. Previous week's levels
- Orange: H1 short weak fork (over the upper parallel). Previous day's levels.
- Institutional investors are leaving the market.
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Long correction and short trend. If the H1 fork falls, it is long. The range market has a great chance.
- Black: D1 long fork (between the upper parallel and the median line)
- Red: There is no H4 fork. Previous week's levels
- Orange: H1 short weak fork (over the upper parallel). Previous day's levels.
- Institutional investors are leaving the market.
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Long correction and short trend. If the H1 fork falls, it is long. The range market has a great chance.