Dow Theory was invented by Charles H Dow.
First ever concept to identify the demand & supply thru price & Volume.
Line chart if used with minimum 1 to 2 years of data and the lookup period for a particular trend should be minimum 2 to 3 months.
Higher Bottom – Higher Top with volume indicates Bullish trend Lower Top – Lower Bottom with volume indicates Bearish trend. Volume should be considered for sure.

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