Bar Chart:-

One of the basic tools of technical analysis is a bar chart, in which open, closing, high and short prices of shares and other financial instruments, recorded as consecutive prices for a certain period, are entered in the columns. Bar graphs are often called OHLC graphs (open-high-low-closed graphs) to distinguish these graphs from the more traditional bar graphs used to describe other types of data. Bar charts make it easier for traders to find patterns. In other words, each bar is actually just a set of 4 prices per day, or other period, associated with the bar in a specific way - called a price bar. The price bar shows the opening price of the financial instrument, that is, the price at the beginning of the period, as the left horizontal line, and the closing price, which is the end price of the period, as the right horizontal line. These horizontal lines are also called trademarks. The high price is listed at the top of the column and the short price is listed at the bottom of the column. If the price column is a daily stock price column, then the opening and closing prices are the stock prices at market opening and at market closing. Similarly, a high price is the highest selling price of the day, while a short price is the lowest selling price of the day.

 Diffrent Patterns of Bar Chart:-

One Bar Reversal:-

A reverse bar is also known as a reverse bar, climax, upper or lower reverse bar or key reverse bar.A bull key reversal bar occurs when the price opens below the previous bar and closes above it. In the meantime, a bear key reversal bar is created when the price opens above the previous bar and closes below.Key reversal bars are normally open with a price gap. Because we rarely find gaps within intraday time frames, important reversal bars are usually formed on a daily basis and over time frames. Sometimes it is preceded by a hole or a hole and the length of the rod is not as intense as the tip. This pattern occurs upside down at the bottom. After creating the bar, there will be a series of higher or lower lows that will confirm that there has been a return in both directions.

2. Two-Bar Reversal:

A two-lane turn is also known as a pipe formation that occurs at the end of a trend or an upward or downward trend. . the bar closes near its maximum, indicating a bull bar.In the top bar pattern, the first bar usually closes near its maximum, indicating an ascending bar, and the second bar closes near its bottom, which indicates a bear bar.Usually high volume is seen on both bars, although it is better on the left than on the right. The second lane should be slightly higher than the first lane.

3. Horn Pattern:

This pattern is almost identical to the pattern of the pipe except that the two long stripes are separated by a small strip.Two tall bars serve as corners. This formation is more reliable in weekly bars and has the same tube properties.

4. Inside Bar:

The Inside Bar is more of a bar with a range that is smaller than the range of the previous bar, which is similar to the Harami candlestick pattern.This pattern is more reliable when created at the end of an upward or downtrend than in an overload area.The first rod usually has a larger volume than the second rod, although the volume increases as subsequent rods form when a short-term change occurs. The Inside Bar is more of a bar with a range that is smaller than the range of the previous bar, which is similar to the Harami candlestick pattern.This pattern is more reliable when created at the end of an upward or downtrend than in an overload area.The first rod usually has a larger volume than the second rod, although the volume increases as subsequent rods form when a short-term change occurs.

5. Outside Bar:

The outer bar is a bar with a range larger than the previous series, similar to the Engulfing chandelier pattern.This stripe pattern is more reliable when created at the end of an up or down trend than in an overload area.The first measure usually has a larger volume than the second, although the volume increases as more measures are formed as short-term changes occur. After the decline, a bull outer lane occurs, the first lane is a small lane and the closing price is lower than the opening price and the second lane is a high lane with a closing price higher than the opening price.Similarly, the Bearish Inside Bar is following an upward trend, the first bar is a small bar with a closing price higher than the opening price and the second bar is a high bar with a closing price even lower than the opening price.

6. Narrow Range 7:

This bar pattern requires seven bars to be created, and the last bar has the smallest bar in the sequence.This formula shows the decrease in volatility as an inner column. Given that low volatility occurs in the context of seven lanes, rather than a pattern, the NR7 pattern is a stronger indicator of declining volatility. . represents price pressure with reduced volatility.As the market switches between scope control and scope expansion, NR7 warns traders of explosive movements.

7. Three Bar Reversal:

The three-bar change pattern reflects the trend change.The three-bar reverse bar is the most conservative compared to other reverse patterns, as it reaches three bars and the third bar confirms that the market has changed direction.One should shop above the last stripe of the bull pattern and sell below the last stripe of the bear pattern.