Reading Graphs and Type
Use the graph or chart is the most important in technical analysis because the only object of technical analysis is that price movements can be seen from the charts. Some types of charts are often used in technical analysis is as follows:
1. Line Chart
2. Bar Chart
3. Candlestik Chart
For bar charts and candlestick:
Open: Opening price (initial)
Close: closing price (last)
High: Highest price
Low: The lowest price
Calculated within a certain timeframe / bar = 5menit, or 30 minutes, or one hour or one day.
To learn candlestick chart patterns and its mean, please see here.