Technical Analysis – The Begining

The most commonly used charts are Line Charts, Bar Charts and candlestick charts. Line charts give us limited information since they use only one data point to form a chart. In lines normally, the closing point is used for plotting the charts. Line charts can be used for a medium to long term view , especially to identify dow patterns.
Bar charts is more versatile as it displays all four important data points(Open, High, Low and close) on the charts.
Candlesticks charts are most widely used across the globe by traders as they not only display all four data points (Open, High, Low and Close) they are more visually appealing. Candlesticks also helps us to get a good picture about the certain time frame.