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However, for technical analysis of static charts, such as after-market analysis of historical data, the OHLC bars have very clear advantages over the Japanese candlesticks: the OHLC bars do not require color or fill pattern to show the Open and Close levels, and they do not create confusion in cases when, for example, the Open price is lower ...
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A bar chart or bar graph is a chart or graph that presents categorical data with rectangular bars with heights or lengths proportional to the values that they represent. The bars can be plotted vertically or horizontally. A vertical bar chart is sometimes called a column chart and has been identified as the prototype of charts. [1]
This means for example that if the S&P 500 closed the day before at 1150 (16:15 EST) and opens today at 1160 (09:30 EST), they will short the market expecting this "upgap" to close. A "downgap" would mean today opens at, for example, 1140, and the speculator buys the market at the open expecting the "downgap to close". The probability of this ...
In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern.
“We are so proud of Josh and Mason for winning this prestigious competition,” said Sea Road School Principal Cory Steere.
Another form of technical analysis used so far was via interpretation of stock market data contained in quotation boards, that in the times before electronic screens, were huge chalkboards located in the stock exchanges, with data of the main financial assets listed on exchanges for analysis of their movements. [71]
Candlestick charts serve as a cornerstone of technical analysis. For example, when the bar is white and high relative to other time periods, it means buyers are very bullish. The opposite is true when there is a black bar. A candlestick pattern is a particular sequence of candlesticks on a candlestick chart, which is mainly used to identify trends.