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Price charts are not only good to follow the price change of an asset, but also to perform binare indonesia group analysis. There are quire many different variations of charts, but in binary options market the only three of them are most frequently used:. Let us consider in more details the pros and cons of each of the charts. This type of a chart is the simplest among all and is seldom applied.
It consists of a line that connects closing prices. For example, if a chart is set for 1 hour, the line will be fixed at the price points at the end of each hour. This type of a graph is a bit more complicated than the line charts. It allows us to see the opening and closing prices, as well as high and low prices within defined time period.
A bar is a vertical stick with two horizontal lines on both sides of it. The stick reflects maximum and minimum prices, and the lines show the opening and closing prices. Each of the bars reflects given time period of the chart. The most frequently used time periods in binary options are as follows:. Even though this type of binare indonesia group chart shows information similar to the one shown binare indonesia group the bar chart, it is the most popular among the traders.
The reason is that Japanese candlesticks are visually compelling. Just as bars, the candlesticks show high and low prices by means of binare indonesia group vertical lines shadows. The main difference is the body of a candlestick, which shows the range between opening and closing periods.
The body of a candlestick can be of two types:. Traders note that using Japanese candlesticks for graphical analysis is much easier and more efficient. Consider several reasons why the vast majority of traders prefer to trade using this type of the chart:.
Candlesticks are easy to interpret on a chart. Different colors of the candlesticks allow perceiving information visually very quickly.
They are the most informative ones. To date, there are no other charts that are able to transmit this amount of information. When explore different candlestick patterns, a trader will receive binare indonesia group sometimes major analytical data, which enables him to interpret market information in a more accurate way. Despite the fact that majority of binary investors uses binare indonesia group charts for analysis, many other investors prefer bar and even line charts.
Besides, some elements of graphical analysis may require the binare indonesia group of other chart types. Therefore do not throw back the opportunity binare indonesia group apply different graphics. And Yulanta Business Ltd, with registration numberaddress: Formation of asset prices.
Pivot Point Reversal pattern.