Bar vs Candlestick Chart

Below is the data for three months of Bar Chart and Candlestick Chart for IBM's stock price. Consider the two graphs is whether there are differences on the data presented.

Hard as possible to show difference, it's because there is no difference. Both, bar charts and candlestick charts both contain exactly the same information, just presented in different forms. Both bar charts and candlestick charts contain the same data, the highest price within a certain period (daily), the lowest price, opening price, closing price.

In candlestick charts, the name alone is changed. The difference between the open price and closing price is called 'real body'. The prices are higher than the body called 'upper shadow' is a lower-called 'lower shadow'. If his candle light or white it means the opening price is lower than the highest price in that period. If a dark-colored candle shall mean the price moves down. As the picture below.

Optimism and Pessimism shown by Candle Market
In general we know that at the time of opening the price is usually dominated by the amateur trader or novice trader. On the other side's closing price is dominated by professional traders. The lowest price may be said that the price was established by the traders who are pessimistic, they believe that the market likely will fall further and make the position of selling at the base/ bottom. The highest price was established by the pessimists. They paid the top price but they are not correct in their analysis, at least in the short term.
 
The candlestick users may understand the combined concept. Here will be given one example, but you can experiment further with your own ideas.

Shaven Bottom/ Shaven Head. Shaven Bottom/ Shaven Head described the period in which prices opened lower and closed above. A period in which amateurs are also pessimistic. They sell them at the beginning immediately devoured by the voracious buyers. And at the end of the period of professional traders who are optimistic and at prices close sharply higher. And this bullish candlestick can often predict the opening price for the period selanjunya.