Dow Theory is a macro technical analysis system aimed at capturing the most significant segment of important market movements in actual trading.
This is essentially the most delectable part of the fish's belly.
Its advantage lies in successfully determining the major trends of bulls and bears, but its disadvantages are also quite apparent.
Signals are usually delayed, and generally, it tends to miss out on 20%—25% of profit potential.
If you feel confused and are experiencing losses, perhaps it's worth following the steps of Yi'an.
