Conventional chart type cannot be used for technical analysis as we need to plot 4 data points simultaneously. A line chart can be used to interpret trends, but no other information can be derived. Bar charts lack visual appeal, and one cannot identify patterns easily. For this reason, bar ...
You can also learn about other technical tools like indicators,chart patterns, along with the other candlestick patterns in this free module,Master Of Technical Analysis. Short Online Webinars on Candlestick Patterns: Below are some webinars on candlesticks that will help you learn about these patte...
While the bar chart displays all the four data points, it still lacks a visual appeal. This is probably the biggest disadvantage of a bar chart. It becomes tough to spot potential patterns brewing when one is looking at a bar chart. The complexity increases when a trader has to analyze mu...