Dow Theory uses trend analysis to reflect all the available information and market price movement. Line chart is used for Dow theory with minimum of two years data. Bullish : Higher Bottom – Higher Top sequence with high volume. BEARISH : Lower Top – Lower Bottom sequence with high volume. CONS : Late recognition of change in trend and Cannot be used for intraday. Support = Buyer Zone and Resistance = Seller Zone.
DOW THEORY
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Stock Analysis
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Bullish View
Bearish View
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