Dow theory help to identify the direction of market.
Choose one stock, set line chart for 2 years time period, plot tops and bottoms, check for the sequence,
i) Bullish:- higher bottom and higher top,
ii) Bearish:- lower bottom and lower top
Dow theory help to identify the direction of market.
Choose one stock, set line chart for 2 years time period, plot tops and bottoms, check for the sequence,
i) Bullish:- higher bottom and higher top,
ii) Bearish:- lower bottom and lower top