Nifty Bank IndexEducation
Dow theory
A Dow theory is a chart pattern which can be either bullish or bearish .
BULLISH DOW THEORY
BEARISH DOW THEORY
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
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