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Bloomberg Visual Guide to Candlestick Charting by Michael C. Thomsett

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Types of Charts

Traders can use a variety of charts. Today, candlesticks are recognized as the most practical, simple, and easy-to-use charting formats. The structure of the candlestick provides all of the information traders require, not only in a single session but also over as long a period as a trader wants to analyze.

Many other kinds of charts have been used in the past.

The line chart consists of data points, all connected into a continuous line from one session to the next. The line usually represents each session’s closing price (although line charts may include multiple lines to indicate both opening and closing price).

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