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Price patterns tell us the market or rather buyers and sellers behavior whereas Dow theory simply talks about current trend of the market
Even though the dow theory is the basic for the price pattern dow gives only the idea about knowing demand and supply doesn’t explain the characteristics behaviour of the price movement.This inturn overcome by the price pattern.
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>it is different from</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>1.shows the quality of trend</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>2.shows the characteristics</p>Dow Theory explains the demand and supply. Price patterns explain the characteristics of the buyer and sellers helps them to make better decisions.
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Dow theory gives price trend based on demand and supply.</span><br style=”box-sizing: border-box; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;” /><span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Price patterns gives the market price moments.</span>
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