There are three main types of charts
- Line Charts
- Bar Charts
- Candle Charts
Lastly, we have the candle chart. This is the most widely used type of chart because
not only does it do everything that the bar chart can do but it’s more visual with
green or blue candles representing up days and red candles representing down days.
This can be seen at a glance this way. Also there are many patterns that we’ll be
discussing later on that can be seen on a candle chart that cannot be seen on a
bar or line chart. These patterns can allude to the future price action to come
when properly spotted. The Japanese have been using candlestick charts long before
they were popularized in America.