BASIC CHART READING

i) Bar chart
ii) Candlestick chart

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i) Bar Chart (OHLC)

Individual Bar Chart

PRICE
VOLUME + DATE
How To Read Bar Chart (_____)

_____ _____ price of the dayOpen

_____ Close
_______ price of the day

_____ ______
Candlestick Chart
 Originated from ______ in 1850
 Accurately reflect current _________
 Clear ________ the progress of stock price
 Best at identification of ________ price signal and price continuation
How to Read Candle Chart Basics:
Candle Formation
Highest Price of the day

Close

Open

Lowest Price of the day

How to Read Candle Chart Basics

Open

Close
Candlestick Chart
Candlestick Chart Vs Bar Chart
Deeper insight into ________
 A trader can compare the relationship between the _____ and
_____as well as the high and low
Candlestick charts more _________ and _______ to interpret
Clue on trend and _______ change
Use of Candlestick
 Effective technique, mainly to determine any _______ Point

Resistance

Reversal
Point

Support
What candlestick does not show you
 _________ of events
 The high and the low are __________________ , but
candlesticks (and bar charts) cannot tell us which came first
4 Hour Candle 1 Hour Candle

Close

Open