Source image
Charts are very important
It shows us a lot of things
And make us refrain from expression in writing
The symbols that appear on it illustrate everything
So when you want to know the news of any currency
You should study her chart
So as to know its past and its expected future
The stages of descent and rise are known
Studying these charts is not easy
But need an in-depth study
You must also know the forms of these drawings
And know the symbols represented by these drawings
In this article we will learn about the various forms of graphs
1 - linear chart
Source image
In this graphic we show the price of the currency in the form of lines and each point indicating the closing value of the currency
Reading this drawing is very easy
However, it has received very little attention from users
This format is used extensively in the detection of patterns
Because he explains it very easily
2- Bar Chart
Source image
This system evolves very much from the linear system
And it became more used than it
It shows the value of the currency through the bars
We can track any currency during certain periods, such as within an hour
Where each term represents a certain period
for example
The top of the penis represents the highest price of reaching the Fairy during this hour.
Bottom of the penis represents the lowest price reached the Fairy during this hour.
The small line to the left of the bar represents the opening price, which is the price at which the pound was at the beginning of this hour.
The small line on the right of the bar represents the closing price, which is the price at the end of this hour.
The third type of currency charts is
Japanese candlestick chart
Source image
Another style of graphic
Developed by the Japanese in the 17th century
So he called it Japanese candles
And then spread so much and became favored by many traders
Japanese candle comes in two forms: ascending and descending
RisingCandle: A candle whose body is empty and expresses a rise in the price where
The bottom of the body represents the price at which the currency was at the beginning of the time period.
The highest body represents the price at which the currency was at the end of the time period.
The upper tail represents the highest price of the currency during the same time period.
The bottom tail represents the lowest price of the currency during the same time period.
Since this candle is a candle to rise, we find the closing price in it greater than the opening
Where the price is higher than the price in the opening period
Down candle: A candle whose body is shaded and reflects a drop in price where:
The bottom of the body represents the price at which the currency was at the end of the time period.
The highest body represents the price at which the currency was at the beginning of the time period.
The upper tail represents the highest price of the currency during the same time period.
The bottom tail represents the lowest price of the currency during the same period.
Since it is a bearish candlestick, the closing price is less than the opening
Where the price falls
The Japanese candle system is the best and most widely used type of other systems
Source
linear chart
Bar Chart
Japanese candlestick chart
good explain men, i upvote u :3
yes , charts are always right TA worked everytime