Wednesday, February 20, 2008

Types of Technical Charts

There are Primarily three types of Technical Charts viz; The bar charts, The Candlestick Charts and the line charts. These charts depict the relationship of price with time. The time element can be anything from a tick, second to hours ,days and months.
The line chart is a continuous line joining the closing prices. The bar chart shows the open, high-low and close with ticks. The candlestick chart comprises of a candle body and wicks at either or both ends signifying the high or the low. Candlestick chart patterns depict an emotional angle to the trading.. more so later.

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