How price pattern are different from Dow Theory?

[EQSIS]

How price pattern are different from Dow Theory?

[Abirami Duraisamy]

Dow theory indicates the direction of the price movement and helps to derive the trend.

Price patterns are subset of Dow theory, which gives early indication on the price movement and helps to understand the characteristics.

[Pradeep]

Dow Theory helps us in identifying the demand and supply, in turn the trend of the market i.e, positive or negative. It lacks in defining the characteristic behind the trend and also it delays in providing us the right signal.

Price pattern which takes the base of the Dow theory gives the characteristic behind the price movement in addition to identifying the supply and demand. It also provides us the early signal to enter the market.

[khushi]

dow theory explains us the trend whether its positive or negative based on the market movement or demand and supply where in price patterns not only tells us about the trend but also shows us different patterns to know where the price is going to move in the near future.

[bhavani]

Dow theory explains the movement of the trend with respect to demand and supply, whereas price patterns explains the nature and characteristics of the trend and also its significance.

[Author]

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