Dow theory gives positional traders a grasp on the trend of the market. If a lower top and lower bottom are in a sequence then it is time to take a short position. It is the way to make friends with the Bear.
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Bullish View
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Hi,
The time between the two peaks is also a determining factor for the existence of a double top pattern so, duration between the two peak should be minimum 20 days. by the way, we appreciate your efforts in posting your views.
Hi,
Thank you for your comment. This is Dow theory bearish pattern. I don’t remember any concern for twin peaks here. I just thought the low top-low bottom sequence with a good volume was enough.
Maybe I have missed. Please clarify.