A Dow theory is a chart pattern which can be either bullish or bearish .
BULLISH DOW THEORY
  • High is broken but low is not broken
  • Higher high, Higher low
  • If low is broken, Trend change

BEARISH DOW THEORY
  • Low is broken but high is not broken
  • Lower low, Lower High
  • If high is broken, Trend change
Chart Patternsdowtheory

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