Chart
A chart is a visual representation of data, often used in financial markets to display price movements and trends over time. Common types of charts include line charts, bar charts, and candlestick charts, each showing different aspects of price action, such as open, close, high, and low prices for a given period. Charts are essential tools in technical analysis, helping traders and investors identify patterns, trends, and potential price movements in stocks, commodities, and other financial instruments.
Example
A candlestick chart for a stock shows each day’s open, high, low, and closing prices, helping traders spot patterns like bullish reversals or bearish trends.
Key points
• A chart visually represents data, commonly used in finance to show price movements and trends.
• Types include line charts, bar charts, and candlestick charts, which display various aspects of price action.
• Charts are widely used in technical analysis to identify patterns and predict future price movements.
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