It follows the Dow theory,but provides the early indication of price movement and explain the demand and supply level, its helps where to enter and where to exit in the trade, some of the price pattern are double tops and double bottom,head and shoulder,cup pattern,flag pattern,triangle pattern.Dow Theory helps to identifying the demand and supply, in turn the trend of the market i.e, positive or negative. It lacks in defining the characteristic behind the trend and also it delays in providing us the right signal.Price pattern which takes the base of the Dow theory gives the characteristic behind the price movement to identifying the supply and demand. It also provides us the early signal to enter or exit the market.
, , Price Patterns, cup pattern, Double bottom, Double Top, flag pattern, Head and Shoulder, triangle pattern
