The type of graph in more well-known Forex binaryoptions888.com binary options is called a graph of sails or candles (candlestick). This type of graph is used often on the Forex market and on many other large-scale markets. A bar in a sails graph shows the prices of opening, of closing, the high ones and the price falls for the chosen period. The body of the sail shows the prices of opening and closing, and the wicks show the high and low prices.
If the closing price is higher than the price of opening of the previous sail, of that time the sail will be blue. If on the contrary the closing price is less than the price of opening of the previous sail, of that time the sail will be red. The sails simply make easier to see if the negotiation period ended in rise or in fall.
I joust superficially and below the body of the sail are the "shades". The analysts always name them like the wicks of the sail, and it is the shade the one that shows the maximum and minimal prices of the negotiation of this day. When the top shade (or top wick) in a day of fall is short, the gap is usually closer at the maximum price of this day. And a short top shade in a day of rise dictates that the closing is close to high. The relation between the opening and closing of the day, the high one and the fall determine how the sail of every day will be seen.
Another important fact in a graph is the tendency. The prices tendencies move in one of three ways: Up (bullish market), down (bear market) or towards the sides. A tendency line is used to help a merchant to recognize visually the direction that continues the tendency. Until the tendency breaks, a merchant can hope reasonably that the tendency should continue. The tendency lines show with a present tool in all the commerce platforms. Normally, when a tendency line shows, it is desirable to connect two or more ends with high or low prices that define the tendency.
