RE: NEXT LESSON: UP/DOWN H sFor me, I have gravitated towards bar charts , although those with the expertice may prefer candlestick. Line charts contain far less info so I rarely use them.
When candlestick charts are narrated by a chartist, they seem to convey detailed information quite well. A case in point is the candlestick chart produced by Clive Maund, at the following web page ..
https://www.clivemaund.com/article.php?art_id=68
In the above, reference is made to “Shooting Stars” and “Gravestone Doji” candlesticks and their significance. The various candlesticks seem to give a message, whereas a bar or line alone may be less informative. Therefore, as long as the candlesticks charts are drawn by a chartist, they may be easier to understand by the less well informed.
Clive Maund is suggesting that we are on the cusp of a downturn in gold and silver due to a huge increase in short by JPM and their cabal. However, other commentators have indicated that there is also an exceptionally high level of longs and it seems that a game of chicken is being fought out, which could go any way and charts are a tool which illustrate probabilities.
Thanks for your rationale for the predictive movement of Metanor using bar charts. However, I am unsure how charts can cope with patterns over longer time scales, particularly in circumstances where the share price can be impacted by the increase in the number of shares issued by a company. For instance, Metanor’s issued shares have doubled over, say, two years and therefore share price charts of price only may not be able to factor in this this quantum charge in number of shares?