Dow theory is perhaps the first analysis used in TA by Charles H Dow. Dow theory helps to identify the market direction. One will need at least 2 years, EOD, line chart to analyse the tops/bottoms, qualify higher top,higher bottom,lower top,lower bottom. HB-HT of Bullish and LT-LB is Bearish signal. Dow theory only helps to identify the market trend and not the price action for which price pattern/candlestick analysis used further to dow theory.
Dow Theory Basics
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Stock Analysis
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Bullish View
Bearish View
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Hi sir,
your answers are well framed and appropriate