Violet levels – HSBalance – indicate the price level that is settled within a few - at most a dozen or so - hours.
Very often this level is an important reaction point. The price at this level reacts very precisely.
These levels appear regularly - hourly - throughout the trading week.
The American session and where the USD dollar currency is in the currency pair are very important for Violet levels.
For currency pairs in which the USD is in second place, e.g. AUDUSD, EURUSD, GBPUSD, if the price is above the Violet levels before 15:00 (GMT), it should - statistically - return to this level.
The opposite situation is with currency pairs, where USDolar is in first place, e.g. USDCAD, USDCHF, USDJPY.
The relevant time is 15:00 (GMT). Returns to the Violet level range are well over 96% effective.
