The column line can display the daily opening crude oil price, closing crude oil price, the highest crude oil price and the lowest crude oil price in the crude oil investment market on a candle line. Summarize the daily trend of crude oil price in the crude oil investment market, and you can draw a daily chart.
If short-term trading is needed, in the same way, short-term trading letters can be captured by graphics (such as 5-minute charts), which reflect the market situation, so there are different trends.
For better analysis, people add some auxiliary lines to the chart, so that some trading signals are easier to be found by us.
There are dozens of common auxiliary lines in the market, and different investors also have their own choices. Commonly used are trend line, moving average, Fibonacci callback line and wave line.