DislikedDear Seniors, Why are there Horizontal lines on the candles? Why are they few times on the left of the candle and few times on the right side? Few times, they are facing each other dead straight on the face ... What are they trying to convey? Thanks in advance .... {image}Ignored
Adikashyap,
As nave has said, the bar tags are the opening and closing price of the bar in that respective time frame. You are looking at a daily chart. Therefore the candles have had a full 24 hours to open and close. If the tags are level / opposite each other then the price closed on the previous day and then opened at the same price the next day. If the tags are not level, then it is said that the price has "gapped" either up or down. This will happen say from a Friday close to a Monday open. Or when there is a holiday like at Christmas time etc.
Disclaimer :- I have now doubt that I will be corrected and have my post removed to the sin bin, so I hope you get to read it before it disssssaaappppears
Edit:-
Adikashyap,
may I recommend a visit to "Babypips.com" you will find it very interesting and educational.
Mark up
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