Trend Confirmation & Divergence

"Why volume and indices must speak the same language."

Trend Confirmation & Divergence

A trend is only valid if it is confirmed by multiple data points.

Volume Confirmation

Volume should expand with the primary trend and contract during pullbacks.

Averages Confirmation

"The indices must confirm each other." If Industrial rises but Transportation falls, the trend is suspect.

Module Topics

Origins of Dow Theory

Primary, Secondary & Minor Trends

Accumulation, Markup, Distribution

Trend Confirmation & Divergence

Why Dow Theory Still Matters Today

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Published: Feb 2026Written By: Editorial Team

Disclaimer:While due care is taken to ensure the accuracy and clarity of the information provided, the sheer complexity of data arrangements may lead to unintentional discrepancies. This content is for educational purposes only. Financial markets involve significant risk; readers are strongly advised to verify information from multiple sources and apply their own judgment. This does not constitute financial or investment advice.