Charts

What this video covers

• The distinction between technical analysis and fundamental analysis, and why technical analysis answers where and when instead of why
• The two foundational assumptions: price discounts everything, and patterns repeat because crowd behavior recurs
• How a bar chart displays open, high, low, and close (OHLC), and why the left tick is the open while the right tick is the close
• Why a line chart strips away the open, high, and low to show only closing prices for the cleanest trend view
• How a candlestick chart presents the exact same OHLC data as a bar chart through a real body and wicks, and that the difference is presentation, not information
• Why point-and-figure (P&F) is the only chart type that ignores time, plotting Xs for rising prices and Os for falling prices only when price moves by the box size
• What box size and reversal amount mean in P&F construction, and how a new column starts only on reversal