The Dow Theory (Part 1) – Varsity by Zerodha | Dow Theory

Dow Theory suggests the markets are made up of three distinct phases, which are self-repeating. These are called the Accumulation phase, the Markup phase, ...Viewchapters→←Hide1Background2IntroducingTechnicalAnalysis3TheChartTypes4GettingStartedwithCandlesticks5SingleCandlestickpatterns(Part1)6SingleCandlestickpatterns(Part2)7SingleCandlestickpatterns(Part3)8Multiplecandlestickpatterns(Part1)9MultipleCandlestickPatterns(Part2)10MultipleCandlestickPatterns(Part3)11TheSupportandResistance12Volumes13MovingAverages14Indicators(Part1)15Indicators(Part2)16TheFibonacciRetracements17TheDowTheory(Part1)18TheDowTheory(Part2)19TheFinale–Helpingyougetstarted20SupplementaryNotes121InterestingfeaturesonTradingView22TheCentralPivotRangeTheDowTheoryhasalwaysbeenaveryintegralpartoftechnicalanalysis.TheDowTheorywasusedextensivelyevenbeforethewesternworlddiscoveredcandlesticks.Infact,eventoday,DowTheoryconceptsarebeingused.Infact,tradersblendthebestpracticesfromCandlesticksandDowTheory.TheDowTheorywasintroducedtotheworldbyCharlesH.Dow,whoalsofoundedtheDow-Jonesfinancialnewsservice(WallStreetJournal).Duringhistime,hewroteaseriesofarticlesstartingfromthe1900swhichinthelateryearswasreferredtoas‘TheDowTheory’.MuchcreditgoestoWilliamPHamilton,whocompiledthesearticleswithrelevantexamplesoveraperiodof27years.MuchhaschangedsincethetimeofCharlesDow,andhencetherearesupportersandcriticsoftheDowTheory.17.1–TheDowTheoryPrinciplesTheDowTheoryisbuiltonafewbeliefs.ThesearecalledtheDowTheorytenets.CharlesHDowdevelopedthesetenetsovertheyearsofhisobservationonthemarkets.9tenetsareconsideredastheguidingforcebehindtheDowTheory.Theyareasfollows:SlNoTenetWhatdoesitmean?01IndicesdiscountseverythingThestockmarketindicesdiscounteverythingwhichisknown&unknowninthepublicdomain.Ifasuddenandunexpectedeventoccurs,thestockmarketindicesquicklyrecalibrateitselftoreflecttheaccuratevalue02Overallthereare3broadmarkettrends.PrimaryTrend,SecondaryTrend,andMinorTrends03ThePrimaryTrendThisisthemajortrendofthemarketthatlastsf

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Dow Theory | Dow Theory
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The Dow Theory (Part 1) – Varsity by Zerodha | Dow Theory
Dow Theory suggests the markets are made up of three distinct phases, which are self-repeating. These are called the Accumulation phase, the Markup phase, ...
Dow theory | Dow Theory
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