The Dow Theory was the first to explain that the market moves in trends. It suggests that the market has three trends- primary trend, secondary trend, and minor trend, and that the markets are made up of three distinct phases which are self repeating. Apart from this, four other tenets are widely accepted by the analysts and traders.
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Dow Theory
This chapter focuses on Dow Theory and its three categories, Primary, Secondary, and Minor trends
The Dow Theory was the first to explain that the market moves in trends. It suggests that the market has three trends- primary trend, secondary trend, and minor trend, and that the markets are made up of three distinct phases which are self repeating. Apart from this, four other tenets are widely accepted by the analysts and traders.
The Dow Theory was the first to explain that the market moves in trends. It suggests that the market has three trends- primary trend, secondary trend, and minor trend, and that the markets are made up of three distinct phases which are self repeating. Apart from this, four other tenets are widely accepted by the analysts and traders.
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