40 trading days history for Red levels - Weekly S/R. The package contains data for currency pairs: AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY.
ATTENTION!!! A week in the DML model lasts from Wednesday to Wednesday of the following week. This may be confusing for beginners, but this model best matches the repeating price behavior of currency pairs.
Red levels are usually published on Wednesdays between 1:00 p.m. and 5:00 p.m. (GMT).
By using artificial intelligence to study repetitive price behavior, we discovered that RED levels could be used as weekly Support and Resistance.
The maximum movements for a given week are determined by the REDex levels - extreme, dashed lines - but statistically the price moves between RED levels - a zone marked by two, thicker, internal lines.
If the price is outside the RED range before 1:00 p.m. (GMT) on Tuesday, it should return to the RED range over the next few sessions.
The effectiveness of keeping the price within the RED range is well over 93%. Price maintenance within the REDe levels range is well over 97%.