Different chart types used in technical analysis and how to read them

Traders use various kinds of charts for technical analysis. In this, however, we will cover the most significant ones that give deeper insights. These are basic charts, but without the in-depth knowledge of the basic techniques and structures, further expertise in chart-reading is unlikely. Over the years, several other charts like Point and Figure charts, Kagi charts, and Renko charts have been developed, yet the significance of basic charts remains intact.  

The three basic charts are: Line charts, Bar charts, and candlestick charts.

Line Charts

Most technical analysts prefer to look at closing prices for a