LESSON 2
Chart Types
There are several types of charts used in technical analysis, each suitable for different purposes. The main types are:
1. Line chart - shows only the closing price for each time period, ideal for reviewing the overall trend.
2. Candlestick charts - one of the most popular tools, showing the opening price, highs, lows and closing price for a specific period.
3. bar charts - analogous to candlestick charts, but with a slightly different visualization.
📌 Each chart type helps you evaluate price movement in a different way. The choice depends on your goals and trading style.
Chart Types
There are several types of charts used in technical analysis, each suitable for different purposes. The main types are:
1. Line chart - shows only the closing price for each time period, ideal for reviewing the overall trend.
2. Candlestick charts - one of the most popular tools, showing the opening price, highs, lows and closing price for a specific period.
3. bar charts - analogous to candlestick charts, but with a slightly different visualization.
📌 Each chart type helps you evaluate price movement in a different way. The choice depends on your goals and trading style.
