Dow theory It was developed by Dow by analysing various charts. To assess if a stock s going to go upwards or downwards by various theories which were developed by research. You can assess the trend by marking tops and bottoms. Higher top and followed by higher bottom is a bullish trend. Lower top, lower bottom is bearish trend.
- : It was developed by Dow by analysing various charts. To assess if a stock s going to go upwards or downwards by various theories which were developed by research.
- : Line chart is used. Minimum ook up period is 2 years. Duration of trend forecasting is 2-3 months.
- : by marking tops and bottoms. Higher top and followed by higher bottom is a bullish trend. Lower top, lower bottom is bearish trend.
- : Short term trading is difficult with dow theory. Entry and exit is not well defined.
- : higher top, higher bottom - buy....lower top lower bottom then you sell
- : The support and resistance (S&R) are specific price points on a chart expected to attract the maximum amount of either buying or selling. The support price is a price at which one can expect more buyers than sellers. Likewise, the resistance price is a price at which one can expect more sellers than buyers.
Hi,
Nice work!