SeaGreen levels - monthly Support and Resistance - indicate the range in which the price should move during the current month.
Statistical behavioral studies show that they can be used as monthly support and resistance.
SeaGreen levels appear on the chart on the first or second trading day of the current calendar month.
These levels are reached by the market in exceptional situations, but when this happens, this level constitutes very strong support or resistance.
The SeaGreen level is a specific zone consisting of two thick lines.
Typically, a reaction occurs at this level. It sometimes happens that the market, after reaching this level, enters into consolidation. In exceptional situations - when the price breaks through such a level - the price returns to this level.