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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.