Having seen the candlestick chart, let's quickly see how it is different from a bar chart.
So we are seeing this is a candlestick chart wherein this is the open.
This is the close.
This is the height.
And this is the look.
This is nothing but a bar chart, which kind of gives you the same information that a candlestick chart
gives you.
So when we talk about open in this case, a bar chart will have a vertical line and two horizontal line,
one horizontal line on the left and one on the right.
So when the horizontal line is below this horizontal line, which is on the right side, this is represented
as open.
The horizontal line on the right side of vertical line is called as close.
And these vics are nothing but high and low on that particular day.
This is the basic difference of between bar chart and candlestick chart.
They give you the same information.
The only difference is how they are being presented graphically.
So this is how it is presented and this is how it is presented.
So this is a little more convenient to understand and analyze than this.
So majority, 90 percent of the traders, you will find that they are using candlestick chart as compared
to bathtub.
Same will be for bear candle.
So for Bear Candle, this is an open.
This is a close.
This is high.
And this is low for bar chart.
The left horizontal line is nothing but open and right.
Horizontal line is nothing but close, high and low remain same in this case.
So you can say that market opened at 120, which is nothing but this point, and it made a high of 140,
which is nothing.
But this point then made low of 90, which is this point, and ultimately closed at 100, which is nothing
but this particular point.
So as you can say, that candle and bar chart, they give you same kind of information difference,
only being how they are represented graphically.
I hope you understand this concept.
Let's move on to the next concept.