According to dow theory for bullish terms:
1.If the price breaks its previous high then the price goes up.
2.There should be continues sequence of higher bottom and higher top.
3.There should be high volume..
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According to dow theory for bullish terms:
1.If the price breaks its previous high then the price goes up.
2.There should be continues sequence of higher bottom and higher top.
3.There should be high volume..
M | T | W | T | F | S | S |
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1 | 2 | 3 | 4 | 5 | ||
6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 | 31 |
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Hi Udit,
When we do analysis using Dow Theory we have to use line charts with a minimum period of 2 years.