Thanks to Charles Dow.
His theory is actual fairly straightforward and sensible if you take your time to think about.
He shows you this:
a) The market discounts everything.The price you see
is the true value of the market.
b) The market has three trends.
i) Primary trend is the main force behind the trend that
may take years to come to and end and it may
develope over time.
ii) Second trend may take anywhere from a few
weeks to a few months in duration.
iii) Minor trend may again the main trend.It may
last a day or a few.Usually,it is insignificance
to the main trend.
Trend lines.
These are the most common form of technical analysis used today.
It is a simple technique that you can use in almost any market and it is suited for all time frames.
Trading with the trend lines is the most profitable and simple method that you can find in life as a trader.
Apply it in your trading.
Profit from it.
Follow the trend lines.You are not only able to find the up trend,down trend and also you are able to find the reversal point of the market
