Dow Theory is propounded by Charles H Dow. It is aimed at analyzing the movement of the market. For this, Line charts are used, minimum look up period is 2 years, duration of trend forecasting for dow theory is also 2 years. We need to find the High Bottom – High Top with volume combination for a bullish view, Low Top and High Bottom Combination with volume for a bearish view.
S. Karthik Sivaraman, , Dow Theory, dow theory, High Bottom, High top, Market Movement, Market Strength, resistance, support
Hi,
Your Question 1 :: Support and Resistance need more info
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.