Relationship between Dow Theory and Price Pattern.
Double Top – Bearish
Double Bottom – Bullish
Head and Shoulder Pattern – Bearish
Inverted Head and Shoulder Pattern – Bullish
Cup Pattern – Accumulation.
Flag Pattern – Bullish on Bull side, Bearish on Bear Side.
Triangle Pattern – Either Bullish or Bearish.
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Bullish View
Bearish View
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