Which of the following is known as Secondary trend in Dow Theory?
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A. B. C. D.A
In Dow Theory, the secondary trend is a temporary deviation in the market direction from the primary trend, which is the primary and longer-term trend of the market. The secondary trend typically lasts from three weeks to three months and is caused by a shift in the market's supply and demand dynamics.
Out of the options provided, "Rounded bottom" is a chart pattern that may indicate a trend reversal, but it is not typically associated with the secondary trend in Dow Theory. The other options, "Wave," "Triangle," and "Tide," are not directly related to the secondary trend either.
However, it's worth noting that Dow Theory itself is not concerned with chart patterns or technical analysis, but rather with identifying the primary and secondary trends of the market based on price action and market behavior.
To summarize, none of the options provided are directly associated with the secondary trend in Dow Theory, and the theory itself is not concerned with chart patterns such as waves, triangles, or rounded bottoms.