What Is Bar Chart?

What Is Bar Chart?

What Is Bar Chart? – Chart patterns reflect the sum of buying and selling, greed and fear among investors and traders. Many charts in this book are daily, with each bar representing one trading day, but the rules for understanding weekly, daily, or intraday charts are remarkably similar. Remember this key principle: “Each price is a momentary consensus of value of all market participants expressed in action.” Based on it, each price bar provides several important pieces of information about the tug-of-war between bulls and bears (Figure 1). The opening…

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