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Tagged: Demand, Dow Theory, oldest theory, Supply
Dow theory explains demand and supply zone.it is the first technical analysis found.
Dow theory is a old but a golden concept. It tells about the demand and supply i.e when to buy/sell?
DOW theory is an old analytical tool invented by Charles Dow used to determine the market trend. DOW theory is based on the demand and supply in the market.
Its a base of all technical analysis which explains to find demand and supply areas.
Instead of studying companies , Dow started observing the price movements. When there is Demand people started buying , so the price started moving high. It reached the Supply zone, people started selling ,so,the price started moving down.
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