basically support and resistance trend is the major study of the Dow theory.
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Hi sir,
This will be the appropriate answer for the question
When to buy and sell using Dow Theory? For how long the trend will be reliable?:
In the bullish market when the trend reaches the price level of the previous higher top the long position can be created, here stop loss is previous higher bottom and target is equal to the stop loss level i.e. risk = target. In the bearish market when the trend reaches the price level of the previous lower bottom, short position should be created. here stop loss is previous lower top and target is equal to the stop loss level i.e. risk = target