Greetings Traders!
Study/Analysis of Correlated Assets: US500, US100, and US30
In this tutorial, we'll delve into the study and analysis of correlated assets, specifically focusing on US500, US100, and US30. Understanding the relationship between these assets helps determine whether Smart Money is accumulating orders or distributing them.
Key Concepts:
Steps to Follow:
Chart Analysis:
In the provided chart, we observe a non-symmetrical condition, suggesting a likely reversal.
Using this concept as confluence enhances your market analysis. For instance, in the US30 chart, I am anticipating a draw towards the sell stops. By examining the correlated assets, I can confirm whether it’s safe to look for selling opportunities.
If the market condition is non-symmetrical, it suggests that the assets are likely to reverse, making my sell idea high probability.
Conclusion:
Using the correlation between assets can provide additional confluence to your trading strategy. It helps in anticipating whether the market will reverse or continue in its current trend.
Smart Money Divergence Lecture:
For a deeper understanding of this concept, please follow this link to a detailed lecture on Smart Money Technique:
Best Regards,
The_Architect
Study/Analysis of Correlated Assets: US500, US100, and US30
In this tutorial, we'll delve into the study and analysis of correlated assets, specifically focusing on US500, US100, and US30. Understanding the relationship between these assets helps determine whether Smart Money is accumulating orders or distributing them.
Key Concepts:
- Symmetrical Correlation: Indicates a continuation in price.
- Non-Symmetrical Correlation: Indicates a reversal in price.
Steps to Follow:
- Identify Correlation: Analyze the charts of US500, US100, and US30 to determine whether they exhibit symmetrical or non-symmetrical correlation.
- Symmetrical Condition: If the assets move in sync (symmetrical correlation), expect a continuation in price movement. This indicates that the trend is likely to persist.
- Non-Symmetrical Condition: If the assets move out of sync (non-symmetrical correlation), anticipate a potential reversal in price. This indicates that the trend might change direction.
Chart Analysis:
In the provided chart, we observe a non-symmetrical condition, suggesting a likely reversal.
Using this concept as confluence enhances your market analysis. For instance, in the US30 chart, I am anticipating a draw towards the sell stops. By examining the correlated assets, I can confirm whether it’s safe to look for selling opportunities.
If the market condition is non-symmetrical, it suggests that the assets are likely to reverse, making my sell idea high probability.
Conclusion:
Using the correlation between assets can provide additional confluence to your trading strategy. It helps in anticipating whether the market will reverse or continue in its current trend.
Smart Money Divergence Lecture:
For a deeper understanding of this concept, please follow this link to a detailed lecture on Smart Money Technique:
Best Regards,
The_Architect
Not
June 10, 2024: US Indices Weekly Forecast: Top Trading Strategies Revealed!Refer:
Happy Trading,
The_Architect
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.