200invest charts

The line chart

Beginner traders can use a line chart as a basic tool to see how prices are moving. It has the advantage of clearly displaying technical patterns, which simplifies things for novice stock or asset traders. With only a single line connecting point, they can determine what kind of pattern requires attention at any given moment!

The bar chart

Any financial instrument's opening, closing, and high-low prices over time can be easily seen with a bar chart. Each vertical bar's top point shows the price at which it was traded at its peak, and the bottom markers reveal the locations of its low points as well. Bar charts are primarily utilized by traders seeking to ascertain whether their investments have experienced an upswing or decline. However, they can also be useful for broader trend exploration, as they display both bullish and bearish patterns, with inside edge lines suggesting potential movement in either direction.

The candlestick chart

Although the candlestick chart is frequently referred to as the most complex kind of technical analysis, it also offers a number of advantages. Traders, especially those who trade frequently or are interested in doing so, will find it easier to predict potential price movements for any financial instrument based on historical patterns and trends when these types are combined.