Best Trading Charts used widely
1. Daily Bar Chart:
This is a chart that is widely used. it is shaped to show four completely different pieces of data; the opening value of stocks, the price of stocks, high value of the day and the low price of the day. ( see more )
This chart has 2 essential elements. the primary line is known as the ‘shadow’ revealing the range of value from high to low and also the second part is a wide area on the chart referred to as ‘real body’. ( see more )
3. Point and Figure:
This chart is concerned only with value and does not specify volume or time. It uses ‘X’ to indicate a rise in value and an ‘O’ to indicate a dip in price. this type of chart is helpful in determining reversals and trends. ( see more )
This type of chart is a lot of reliable and used by traders for on-line share trading. It signifies a reversal chart pattern and when it is shaped, it indicates that the share in the stock market is possibly to move against the last trend. ( see more )
