There are different types of charts
Firstly, the candle stick chart
What's the candle stick?
Each candle stick represents a time frame and this image is 1 hour candle stick
1 is the highest point the price reached within that hour
2 is the lowest
3 is the price at the beginning of that hour
4 is the price at the end of that hour
5 is the candle stick body
6 is the candle stick shafts "shadow"
Candle stick is the best type that most of traders depend on
Secondly, the bar chart
Bars are really similar to candle sticks but candle stick has better visuals.
Thirdly, the line chart
Line chart can give some more idea about resistance and support due its visual
Join the Discussion
Write something…