There has been an error with submitting your request, please try again. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA. Dave Whitmore Senior Strategist, Trader Education, E*TRADE Securities LLC ETRADE Footer. Securities products and services offered by E*TRADE Securities LLC. Figure 1. This chart records the closing price of the S&P 500. For example, the red candles in the chart in Figure 3 denote days when the S&P 500 closed lower than the previous day. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy or sell securities or other instruments by E*TRADE. In this article, we will review three types of charts—line charts, bar charts, and candlestick charts.

Understanding technical analysis price patterns, Understanding technical analysis support and resistance, Understanding trends using technical analysis. E*TRADE Copyright Policy. Bank products and services offered by E*TRADE Bank and E*TRADE Savings Bank, both federal savings banks and Members FDIC. TradingView is a social network for traders and investors on Stock, Futures and Forex markets! For illustration only not a recommendation. For illustration only not a recommendation. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, or a recommendation, to buy, sell, or hold any security, financial product or instrument or to open a particular account or engage in any specific investment strategy.

Suggested Keywords: Account types, DRIPs, Routing number, IP, Penny stocks. Securities products and services are offered by E*TRADE Securities LLC, Member. Securities products and services offered by E*TRADE Securities LLC. But, it takes some time and experience to learn how to identify candlestick patterns. A third type of chart that’s popular among traders is a candlestick chart. The information contained in the third-party material has not been endorsed or approved by E*TRADE, and E*TRADE is not responsible for the content. The vertical scale, or Y-axis, of a chart represents the price of a stock. Statement of Financial Condition | About Asset Protection | Account Agreements and Disclosures | Quarterly 606 Report | Business Resiliency Plan, ©currentYear E*TRADE Financial Corporation. Once you decide on a chart type, start looking for historical patterns like trends, support and resistance, and other actionable patterns.

Investing in securities products involves risk, including possible loss of principal. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA. There’s no right or wrong answer when it comes to which chart type to use when trading. Investment advisory services offered by E*TRADE Capital Management, LLC, a Registered Investment Adviser.

The vertical line represents the low and high prices during a specific period like daily or weekly. The small horizontal line on the right of the vertical bar denotes the price at which the S&P 500 closed for the day. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. Some traders prefer using candlestick charts because there are specific patterns in the candlesticks that can be actionable. The simplest chart is a line chart. The difference between bar and candlestick charts is how candlestick charts display the day’s open and close prices.

System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. Stock plan administration solutions and services offered by E*TRADE Financial Corporate Services, Inc. All separate but affiliated subsidiaries of E*TRADE Financial Corporation. In contrast, green candles denote days when the S&P 500 closed higher. Power E*TRADE offers a set of drawing tools for chartists to analyze and annotate their charts. If you continue to have issues registering, please give us a call 800-387-2331.

There has been an error with submitting your request, please try again. Some traders prefer using line charts because these charts are simple and easy to interpret. Member FINRA/SIPC. Bank products and services offered by E*TRADE Bank and E*TRADE Savings Bank, both federal savings banks and Members FDIC. Most technical analysis is performed by observing and interpreting charts. Securities, investment advisory, commodity futures, options on futures and other non-deposit investment products and services are not insured by the FDIC, are not deposits or obligations of, or guaranteed by, E*TRADE Bank or E*TRADE Savings Bank, and are subject to investment risk, including possible loss of the principal amount invested. Our streaming charts offer hundreds of technical indicators, robust drawing tools, pattern recognition and more--a full arsenal for the technical trader. A bar chart is constructed using a vertical line for each period. The vertical lines of the bars represent the low and high prices at which the S&P 500 traded each day. The information contained in the third-party material has not been endorsed or approved by E*TRADE, and E*TRADE is not responsible for the content. One of the assumptions of technical analysis is that history repeats in the stock market.

Figure 3. It is not possible to invest in an index. The S&P 500 Index is a market capitalization-weighted index of 500 widely held stocks often used as a proxy for the US stock market.
Member FINRA/SIPC. Live quotes, stock charts and expert trading ideas. Thank you for registering for this event. E*TRADE Copyright Policy, Power E*TRADE charts: Using the drawing tools.


Our streaming charts offer hundreds of technical indicators, robust drawing tools, pattern recognition and more--a full arsenal for the technical trader. Like the bar chart, a candlestick chart incorporates four historical prices (open, low, high, and close). Power E*TRADE offers a set of drawing tools for chartists to analyze and annotate their charts. It is not possible to directly invest in an index. This information neither is, nor should be construed as, an offer or a solicitation of an offer, or a recommendation, to buy, sell, or hold any security, financial product, or instrument discussed herein, or to open a particular account or to engage in any specific investment strategy by E*TRADE. For example, the line chart in Figure 1 is a daily chart of the S&P 500®.

The E*TRADE Financial family of companies provides financial services, including trading, investing, and banking products and services, to retail customers. Many other aspects of technical analysis, such as price patterns, are based on the key concepts of support and resistance. Compared to a line chart, a bar chart is slightly more complex in that it contains more data and historical prices.

The body of the candlestick represents a stock’s opening and closing price.

Securities, investment advisory, commodity futures, options on futures and other non-deposit investment products and services are not insured by the FDIC, are not deposits or obligations of, or guaranteed by, E*TRADE Bank or E*TRADE Savings Bank, and are subject to investment risk, including possible loss of the principal amount invested. Before buying or selling any investment, you should carefully consider your individual financial situation, investment objectives, risk tolerance, and liquidity needs, and consult licensed financial and tax professionals to determine for yourself whether the investment is suitable for you. Past performance is not an indication of future results. This chart is typically constructed using the closing price of a stock.


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