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BAR CHARTS IN TECHNICAL ANALYSIS :
The bar chart (High-Low-Closing Chart) Analysis is a very popular method in Technical Analysis.
And another bar chart (Open-High-Low-Closing Chart) Analysis is also a popular method in Technical Analysis.
In this bar chart, High-Low-Closing prices of the day are plotted on a day-today basis in the form of a bar.
The top of the bar would represent the high price of the day the bottom of the bar would represent the low price of the day and a small horizontal hash on the right of the bar would represent the closing price of the day, and we plotted another horizontal hash to the left-hand side of the bar as opening price of the day.
Bars are basically divided into two types, One is Upward Bar and the other one is Downward Bar, I have shown below:-
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