The Pretzel chart, whose name is derived from its shape, aids in visualising if a security reached its high or low first in the day. Note: This information is derived by comparing the opening and closing price and determing which is closer to the high and low.
If a bar opens higher than it closes, then the Pretzel first spans up to the high, then down to the low. If the open is lower, then it spans to the low before the high.
