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Dow theory

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Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns dowtheory
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chartpattern dowtheory
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

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Dow theory
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