Ah, the bar chart, a trusty companion to traders and financial analysts alike. It’s a curious thing, really, the way it displays the movements of those elusive financial instruments we so dearly covet from stocks, futures, forex and crypto. Each bar represents a unit of time and we can glean a wealth of information about the market’s behavior.
And there, in each bar, we see four nuggets of knowledge: the opening price, the closing price, the highest price, and the lowest price for that period. It’s a veritable treasure trove of data, ready for us to interpret and draw conclusions from. We can chart the highs and lows, connect the dots, and draw lines that reveal trends and patterns we might otherwise miss.
Indeed, the bar chart can be an educational guide in our pursuit of financial success. With its help, we can spot the telltale signs of support and resistance levels, identify price patterns such as double tops and head and shoulders, and make wise decisions about when to buy and sell.
In short, the bar chart is a wondrous tool for those of us who seek to understand the complex world of finance. With its guidance, we can chart a course towards prosperity and navigate the choppy waters of the market with confidence and skill.
Remember all videos and information on this site is only for educational purposes and is not intended as investment advice.
Here is wonderful video with Ken Chow showing you how to read bar charts.
Trading View They have wonderful technical analysis indicators and charts and can be used with many different brokerage companies. Many of the videos i post about trading strateigies use the technical indicators on TradingView.