Dow Theory is whole thesis and forms a strong foundation. Price patterns like W, M, U, Flags, Triangles etc along with volume are great place to enter the trade with conviction. Bullish trends and bearish trends, continuation and reversals need to be very clear in the minds of a trader. Only daily behavior is necessary for intraday trader. However the Dow Theory and Price Patterns are useful for long term investors and positional traders.
, , Price Patterns, CUP, double bottom price patterns, Double Top, flag, head and shoulders, triangle
Hi,
your answers are brief and appropriate.