for bullish-
higher bottom – higher top sequence
high volume
For bearish-
lower Top and lower bottom sequence
high volume
double top and double bottom
, , Dow Theory, Bullish, idea bearish
, , Dow Theory, Bullish, idea bearish
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Bullish View
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Hi,
Your Question 1 :: Support and Resistance of dow theory?
Demand and supply is a common factor not only for dow theory. Let i explain support and resistance is a concept that the movement of the price which will tend to stop and reverse at certain predetermined price levels.These levels are denoted by multiple touches of price without a breakthrough of the level.
Your Question 2 :: What are the major critics against Dow Theory?
Dow Theory is criticized for being too late.The trend does not change from bearish to bullish until the previous reaction high has been surpassed. Many traders feel that this is simply too late and misses much of the move.