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A  non profit organization is a business granted tax exempt status by the IRS(Internal Revenue Service)

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• <span class=”_Tgc”><b>Dow Theory</b> is an analysis that explores the relationship between the <b>Dow</b> Jones Industrial Average (DJIA) and the <b>Dow</b> Jones Transportation Average (DJTA). </span>
• <span class=”_Tgc”>When one of these averages climbs to an intermediate high, then the other is expected to follow suit within a reasonable amount of time.</span>

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Dow theory helps to determine supply and demand trend but fails to give us the strength of the trend

The price patterns take Dow theory a step further by conveying the strength of the trend.

 

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The triangle pattern is one of the strongest pattern to identify the strength of consolidation.

conditions to qualify:

• spot 3 consecutive tops and bottoms , mark them and draw extended line to form a triangle

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A price pattern describes how a stock, sector or market index changes over time.

The four basic price patterns are:

• Rising prices (Upside)
• Declining prices (Downside)
• Sideways prices
• Repeating cycles of increasing and decreasing prices

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