Chart is lines of graphics that sketch the market movement in a certain period where the x-axis is the time and the y-axis is the price.

1) Line chart

Graphic that draws a closing price (closing price at the end of each session)

2) Bar Chart

Composition of high price, low price, and close price that is drawn in a line per session.

3) Candlestick Chart

The same thing to bar chart it is a Composition of high price, low price, and close price that is drawn in a line per session. The difference is that the shape show the real body that draw the price from the last position. The white real body shows that the closing price is higher than the opening price. And the black real body shoes that the closing price is lower than the opening price.

Candlestick revision and pattern

1. Falling price pattern

Long black body line follows by 3 small daily lines (from black body range) and ended with the fifth black body line shows the closing and the lowest price in the last five days.

2. Jumping price pattern

Long white body line follow by three small daily lines and ends with the fifth white body shows the highest price in the last five days.

3. Price-equilibrium condition

Doji is a position where there's an equilibrium in the opening and the closing price of a position.

a. Dragon fly doji

Shows that sellers dominate the market and bringing down prices for couple of sessions, and at the end of the session buyers penetrate and push back to the opening price.

Dragon fly can also be a potential sign (bullish) when there's a long downward trend.

And when there's an upward trend, dragonfly can be the signal that the price is on its top.

b. Pagoda

This position shows that buyers dominate the trading and bring the price to the top for couple of sessions. However, at the end of the trade the price is pull back by sellers to the opening price position.

Pagoda in the downward trend shows that there is a pressure in the purchase and there's a possibilities for potential bullish position. In the upward trend shows the other way around.

4. Hammer

Candlestick position where it has only a little real body. Shadow/underline at least twice the length of real body and there's no upper shadow. Candlestick happens in the downward trend is then called hammer. From this emerge a process called hammering from below.

a. Hanging Man
Usually it indicates an upward trend, but we have to see if there's any bearish confirmation before taking action. The confirmation is a gap or a long black candlestick in a big volume.

b. Inverted Hammer and Shooting Star
Shooting star shows the sign of an inverse if the upper line is at least twice the length of its body.
Inverted hammer is the same thing as shooting star but it happens after a downward trend.

5. Harami

It means pregnant in Japan, which is a candlestick position where the real body is inside the previous real body. The first candlestick usually has a really long line and the second one have a bit smaller one.