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price pattern follows basic of dow theory and it takes long time to form compared to price and dow theory help to understand the price trend but price patterns help to understand the price movement, price trend and and significant of a company we can able to make a quicker profit.
Price pattern analysis has Dow theory as basis but provides a little more clearer picture and helps short term trading whereas dow theory helps with long term trading
Dow theory helps in just showing the trend in lighter note,but the Price pattern helps in showing when the trend will be formed,time taken and its termination in detail.
Dow theory gives about the trend whether it is bullish or bearish. Whereas the price pattern is used to identify price movements and short term trading.
Dow theory is used only for long term investments.
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