By mastering the trend lines, classic patterns, and momentum oscillators detailed in this text, you will build a robust visual framework to navigate any financial market in the world with confidence and discipline.
John J. Murphy's " Technical Analysis of the Financial Markets By mastering the trend lines, classic patterns, and
A trend in motion is more likely to continue than reverse. Murphy teaches traders how to identify these trends early and ride them until they show definitive signs of exhaustion. Murphy teaches traders how to identify these trends
The entire purpose of charting price action is to identify trends in their early stages and trade in the direction of those trends. Murphy emphasizes Newton’s first law of motion applied to finance: a trend in motion is more likely to continue than to reverse. Technical analysis focuses on riding that trend until definitive signals show it has turned. 3. History Repeats Itself Technical analysis focuses on riding that trend until
Though written before the explosion of high-frequency algorithmic trading, crypto assets, and retail meme stocks, Murphy's concepts remain entirely relevant.
Gives equal weight to all prices in the time period.
