Dow theory

Hi Nikilan,

Cool post. Appreciate working out the exercises.

Please refer the below answer for the last two questions

When to buy and sell using Dow Theory? For how long the trend will be reliable?: BUY : When Long is created with high bottom-high top sequence as it crosses the previous top. SELL : When Short is created with low top – low bottom as it crosses the previous bottom. Volume should be higher in both positions. Trend is reliable as long as the sequence presents.

What are Support and Resistance?: Support- Price level at which demand is higher, preventing the further price fall. Resistance: Price level at which supply is higher preventing the further rise in price.

Courtesy : Triveni – https://www.eqsis.com/pro/dow-theory-150/