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Barspattern

CANDLSTICK or BARS. What common?There are public rules for graphing price movements on the charts of various market assets. There are two main types of designation: Candles They were invented by the Japanese rice merchant Homma Munehisa, which is why they got the name - Japanese candles. The candlestick gives information about deals within the selected period: - Opening - the initial price of the period, the price of the first deal. - High - the maximum price of the period - Low - reasonable price of the period - Close - the closing price of the period, the price of the last deal. - The bod y of the candle is the distance between the open and close. - Candle shadow - deviations from the opening and closing prices, maximum and minimum values ​​of prices. Depending on which direction the price went: rose or fell - the candlestick can be bearish or bullish. Bars This type of image is not much different from candles. They consist of exactly the same parts and display all the same information. The bar is rather a more compact candlestick image. Instead of a full-fledged "body", only a vertical stroke is displayed. What kind of depiction of price movements do you prefer? Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Education
by Lingrid
22
US Presidential Election Year Pattern 04-08-12-16Did anyone notice that the Covid19 Crash of 2020 fell to the level where Trump was elected back in November 2016? I thought it would be interesting to use the "bars pattern" tool to copy the US Presidential Election Year price action of the $DJI Dow Jones Industrials and paste it to the end of 2019 to see how we are doing compared to the last 4 elections. I'll add some more after I publish this. I hope you can find patterns in price action to help you find insights into market opportunities. Every day I am searching for ideas in the Key Hidden Levels Chat room and posting them as I see them. Tim 11:30AM EST 10/20/20
DJ:DJI
by timwest
24
#BITCOIN INVESTORS FINAL UPDATE LOL not gonna confuse anyone more then this won't look at HTF charts on btc anymore for a while :P weekly has closed & looks like we are in HTF uptrend channel as i am saying i am effin confused mainly cause of SPX, spx is looking more & more bearish so if it crashed BTC might just as well, i really want us to follow this chart & hold 8k levels just in case it doesn't & we see black swan event this is my plan B to long around 6k levels! i like this idea also cause of fibs, if we do get a bounce to 111xx levels & rejects fib targets line up with the uptrend channel SO this is my final thoughts on BTC if it crashes we might see the bottom at around 6000$
BITSTAMP:BTCUSD
by Bromadic
5
This chart is not helping my fomoThe last stage of my long term trade plan is to scale BTC and eth into 3x leveraged eth. This eth/btc chart I've been following shows time is running out for me to get the last expected pullback. All my other charts show I should have until about mid March to complete this so I'm sticking to that and not jumping the gun. Nothing goes up forever and all the elliot counts say to expect an ABC correction on the day chart soon. However I am seriously considering dollar cost averaging a little ETHBULL starting tomorrow after I've had a night to sleep on it. Eth has huge potential and this has the makings of the trade of the decade so I don't want to screw it up.
Long
by mljones
6
EURNZD: History may repeat (Cloning technique)Hi there, I would like to share with you my view via the cloning technique as this pair has quite clean chart structure. I cloned the left drop via bars pattern drawing tool and inserted it to the right in the blue color for visual comfort. As you can see the current drop looks very similar and if it keep going so then there the correction could appear between 1.7020 and 1.7260 - these levels are not mandatory and we just need to watch the structure carefully. This could be a nice selling opportunity once the correction to the upside would be finished as another drop could be huge as it is shown in the yellow zigzag.
Short
by aibek
10
CHF/JPYChf/Jpy appears to be exactly following a bars pattern taken from CAD/SGD's recent correction on 4hr, take a look for yourself. It already broke trend line and is at the point in the pattern that the next move out should be the breakout to break last high, and a little more. Should it break the low again, I would anticipate a better buy from the 108-108.75 area, possibly a little lower, but that would be too easy and the bars pattern looks beautiful. Once it actually breaks out and takes off, trail your stop. Not necessary to risk that many pips.
Long
by thillygoosth