Lesson #13 - SeaGreen & Green
SeaGreen levels are monthly supports and resistances set at the beginning of each calendar month. The price rarely reaches these levels, but when it does, it usually either changes direction long-term or consolidates at that level. This makes it an ideal level for investors and traders who position their trades over a longer time frame.
Characteristics of SeaGreen
SeaGreen levels, part of the DML levels for the EURCAD currency pair, are determined once a month and provide key reference points for long-term analysis. These levels act as strong supports and resistances that can significantly influence the direction of price movements throughout the month.
Green levels complement SeaGreen levels by dividing the space between the lower and upper SeaGreen levels into four quarters. When the market does not exhibit very dynamic movements within a month, it often stops at Green levels.
Models for Trading SeaGreen
SeaGreen as Support
SeaGreen levels that act as support are crucial for maintaining the price above a certain level throughout the month. Traders can use these levels to open long positions (BUY) when the price approaches the SeaGreen support, expecting a rebound and price increase.
SeaGreen as Resistance
SeaGreen levels that act as resistance serve as important points where the price may struggle to rise further. Traders can use these levels to open short positions (SELL) when the price approaches the SeaGreen resistance, expecting a rebound and price decline.
Consolidation at SeaGreen Level
When the price reaches the SeaGreen level, it often consolidates. The price oscillates around this level, creating opportunities for short-term trades with long-term benefits.
Additional Tips
SeaGreen and Green levels are determined once a month, meaning traders should regularly monitor these levels at the beginning of each month to adjust their trading strategies. The price rarely reaches SeaGreen and Green levels, but when it does, these are excellent setups to play, especially in combination with other DML levels.
Summary
SeaGreen and Green levels, as an integral part of models related to DML levels for the EURCAD currency pair, offer unique opportunities for identifying key support and resistance points and managing risk in long-term trading strategies. Their application can significantly enhance investment efficiency, providing precise tools for analyzing and predicting market movements over the course of a month.
Advanced sets of DML levels for the EURCAD currency pair
Sea&Green
A package dedicated to beginners with no experience with DML levels.
10 GBP
200 days SeaGreen levels
200 days Green levels
Free Tools for Downloading and Visualizing DML Levels
EURCAD Edu
A complete package dedicated to those who have completed the educational process.
20 GBP
10 days Plum levels
10 days MediumOrchid levels
10 days Coral levels
10 days Khaki levels
10 days Sienna levels
10 days DeepSkyBlue levels
10 days DodgerBlue levels
10 days SpringGreen levels
10 days DarkOrange levels
20 days Violet levels
20 days Aqua levels
20 days Olive levels
40 days Red levels
40 days Magenta levels
80 days Green levels
80 days SeaGreen levels
Free Tools for Downloading and Visualizing DML Levels
EURCAD Tra
A complete package of DML levels dedicated to active traders.
60 GBP
50 days Plum levels
50 days MediumOrchid levels
50 days Coral levels
50 days Khaki levels
50 days Sienna levels
50 days DeepSkyBlue levels
50 days DodgerBlue levels
50 days SpringGreen levels
50 days DarkOrange levels
60 days Violet levels
60 days Aqua levels
60 days Olive levels
120 days Red levels
120 days Magenta levels
200 days Green levels
200 days SeaGreen levels
Free Tools for Downloading and Visualizing DML Levels
Note: The content of the data packages offered on DeepMarketLevel.com may be greater than what is published on this page. Check the current available offer and always stay one step ahead of other market participants.
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Red & Magenta
Red levels are weekly supports and resistances. They appear on the chart on Wednesday afternoons and remain valid for the following week. Red levels consist of a total of six horizontal lines: three above the price and three below. The main Red levels, known as RedEx, are located at the extreme positions - both at the bottom and top.
DodgerBlue
DodgerBlue levels represent an innovative analytical tool for forex traders. These are particularly significant price levels that have gained recognition especially among investors operating on the EURCAD currency pair. Their unique feature lies in regular updates every 5 minutes, allowing for precise tracking of market dynamics.