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Having seen the candlestick chart, let's quickly see how it is different from a bar chart.

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So we are seeing this is a candlestick chart wherein this is the open.

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This is the close.

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This is the height.

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And this is the look.

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This is nothing but a bar chart, which kind of gives you the same information that a candlestick chart

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gives you.

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So when we talk about open in this case, a bar chart will have a vertical line and two horizontal line,

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one horizontal line on the left and one on the right.

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So when the horizontal line is below this horizontal line, which is on the right side, this is represented

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as open.

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The horizontal line on the right side of vertical line is called as close.

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And these vics are nothing but high and low on that particular day.

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This is the basic difference of between bar chart and candlestick chart.

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They give you the same information.

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The only difference is how they are being presented graphically.

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So this is how it is presented and this is how it is presented.

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So this is a little more convenient to understand and analyze than this.

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So majority, 90 percent of the traders, you will find that they are using candlestick chart as compared

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to bathtub.

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Same will be for bear candle.

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So for Bear Candle, this is an open.

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This is a close.

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This is high.

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And this is low for bar chart.

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The left horizontal line is nothing but open and right.

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Horizontal line is nothing but close, high and low remain same in this case.

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So you can say that market opened at 120, which is nothing but this point, and it made a high of 140,

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which is nothing.

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But this point then made low of 90, which is this point, and ultimately closed at 100, which is nothing

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but this particular point.

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So as you can say, that candle and bar chart, they give you same kind of information difference,

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only being how they are represented graphically.

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I hope you understand this concept.

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Let's move on to the next concept.