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Charts

There are three types of Charts - Line, Bar, and Candlestick. The focus of this site will be on Candlesticks.  They have become the most popular because of their ease of use. So without further ado let's get started.

Line Chart

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This is an example of a Line Chart.  The most basic type of chart.  It is created by connecting past prices together with a line. 

Bar Chart

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This is an example of a  Bar Chart.  Bar Charts represent one period of time i.e.  a day, week, or month.

Bar

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 Highest price reached during the time frame that the Bar represents.  

Closing Price is the last price.




Opening Price is the first price.

The lowest price represents the low point reached during the time frame.


The single vertical bar represents the time period, may be daily, weekly, or monthly time period.




Candlestick Chart

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Candlesticks have become the most popular because of its ease of use. 

When the candle is green and higher in relation to other candles, it means buyers are very bullish (going up).  The opposite is true for a red candle.


Bullish Candle is formed when the Close is higher then the Open

    Upper Shadow is the vertical line between the Close and High
    Real Body is colored portion between the Open and Close
    Lower Shadow is the vertical line Low and Open

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