Market Frequency - Kite Analysis - US30 H1 - Short
Analysis
- Black: D1 long fork (between the lower parallel and the upper parallel)
- Red: H1 long fork (median line). Pevious week's levels
- Orange: There is no valid H1 fork. Pevious day's levels
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Long correction, short trend. Target is the bottom of the H4 fork. If the speculative fork breaks target is the top of the H4 fork.
- Black: D1 long fork (between the lower parallel and the upper parallel)
- Red: H1 long fork (median line). Pevious week's levels
- Orange: There is no valid H1 fork. Pevious day's levels
Next move
- Purple: H1 trendlines
- Blue: H1 levels to be retested
- Long correction, short trend. Target is the bottom of the H4 fork. If the speculative fork breaks target is the top of the H4 fork.
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