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Buy: sequence should be higher bottom-higher top sequence, and volume is high at level where previous top was made.
Sell: sequence should be lower top-lower bottom sequence, and volume should be high at level where previous higher Bottom was made.
For Bullish trend- Long position
Buy – When the price crosses the breakout point which appears between a higher bottom and higher top with high volume
Sell – When the price reaches the target price or stop loss
For Bearish trend- Short position
Sell – When the price crosses the breakout point which appears between lower top and lower bottom with high volume
Buy – When the price reaches the target price or stop loss or end of trade day
In Dow theory,
Higher Top-Higher Bottom sequence———–Buy(Bullish)
Lower Top-Lower Bottom sequence————Sell(Bearish)
Buy (Bullish): Higher bottom – higher top sequence when it crosses the breakout point
Sell (Bearish): Lower top -Lower bottom sequence when it crosses the breakout point
buy: higher bottom to higher top when it crosses the break out point with good volume.
sell: lower top to lower bottom with good volume.
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