Attached video and chart are self-explanatory.
Understand this concept would help traders/investors to insist in using Multiple-Time-Frames when analysing their charts.
(Click to Zoom-in for Full Screen Video)
Dow Theory Three Movements need Multiple-Time-Frame Analysis
.
The chart shows that:
1) Stock move the fastest when the three waves move in same direction.
2) Always trade in-sync with the direction of the Primary Wave.
3) Good Entry points with highest Reward/Risk Ratio are when the Primary Trend is UP while shorter terms have came down, Pull-Back Entry.
Relevant article on Multiple-Time-Frame Analysis <- p="">
...Understand this concept would help traders/investors to insist in using Multiple-Time-Frames when analysing their charts.
(Click to Zoom-in for Full Screen Video)
Dow Theory Three Movements need Multiple-Time-Frame Analysis
.
The chart shows that:
1) Stock move the fastest when the three waves move in same direction.
2) Always trade in-sync with the direction of the Primary Wave.
3) Good Entry points with highest Reward/Risk Ratio are when the Primary Trend is UP while shorter terms have came down, Pull-Back Entry.
Relevant article on Multiple-Time-Frame Analysis <- p="">
