Technical Analysis Basic Part 1

Bar chart

Above is the basic component of a bar chart. One bar can represent 1 min, 1 hour, 1 day, 1 week or even 1 month. Depends on the charting preference. So let say above is a bar showing 1 day of trading. The top and bottom of the bar represent the highest and lowest price of the day. With the horizontal line on the left of the bar represent the opening price and the horizontal line on the right represent the closing price of the day. So with a single bar, it already tell us the High, Low, Open, Close price for the whole day.

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