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Lesson #10 - Violet

Violet levels are very similar to DarkOrange levels, with the difference being that Violet levels are determined on an hourly basis. The trading models are similar, but in this case, there is no designation of a FlowZone (FZ).

DML EURCAD Violet Characteristics

Characteristics of Violet

Violet levels, part of the DML levels for the EURCAD currency pair, are characterized by precise price reactions when reached. When the price approaches the Violet level, it often finds solid support or resistance, preventing further declines or increases. This dynamic highlights the critical role of these levels in stabilizing the market and supporting the price in short-term perspectives.

Models for Trading Violet

Violet as Support until 06:00 GMT (06:00 AM)

These levels are excellent support during the Asian session and the beginning of the European session. If it happens that such a level is breached by the price, the price usually returns to this level before the American session - often much earlier.


DML EURCAD Violet Models
DML EURCAD Violet Additional Tips

Additional Tips

It is worth noting that when the Violet level is retested, the price does so very precisely, allowing for very precise entries in line with the established trend. Data for the Violet level is published in hourly cycles. Despite the lack of a FlowZone, this level is extremely important for stabilizing the price and predicting market movements.

Summary

Violet 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. Their application in trading practice can significantly enhance investment efficiency, providing precise tools for analyzing and predicting market movements.

DML EURCAD Violet Summary

Examples of Price Reaction to Violet Levels on EURCAD Currency Pair

Advanced sets of DML levels for the EURCAD currency pair

Violet

A package dedicated to beginners with no experience with DML levels.

10 GBP

Go to DML Shop
  • 60 days Violet 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

Go to DML Shop
  • 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

Go to DML Shop
  • 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.

Want more knowledge?

DarkOrange


DarkOrange levels are closely linked with Violet levels, which you will learn about in the next lesson. DarkOrange levels are retrieved in 5-minute cycles throughout the day. Around 16:00 GMT, a FlowZone (FZ) appears on these levels, for which a special trading model has been prepared. These levels are represented as continuous lines between consecutive FZ.

Go to Lesson 9

Olive


Olive levels are generated once a day, around 19:00 GMT. This level consists of three zones. The middle zone is located around the price level at 19:00 GMT. The other two zones are located above and below the middle zone, at equal distances from it. The range of these distances varies daily and indicates the potential movement dynamics for the next day.

Go to Lesson 11

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Deep Market Level Limited, 590 Kingston Road, London, SW20 8DN, United Kingdom

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