The Dow Theory has always been a very integral part of technical analysis. Dow Theory suggests the markets are made up of three distinct phases, which are
self repeating. These are called the Accumulation phase, the Mark up phase, and the Distribution phase. There are few important patterns in Dow Theory. The
trader can use these patterns to identify trading opportunities.Traders can also blend the best practices from Candlesticks and Dow Theory to develop trading strategy.
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