I have a clear understanding of the dow theory

  • : Dow theory is used to studt the market trend bullish or bearish
  • : Line chart
  • : If it is a higher bottom higher top then it is bullish. If it is a lower top lower bottom then it is bearish trend. But we need check the volume for ensure it
  • : It is a old pattern. With dow theory we can only decide the the market trend bullish or bearish, there is no other data
  • : We should buy when it crosses the below top position and we should sell within the previous low.
  • : Support is the position where the bearish is about to pause and demand is increased. Resistance is the position when bullish is about to stop and supply is increased.
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