Technical Analysis Of The Financial Markets John J. Murphy Pdf ✦ High-Quality

Murphy provides an exhaustive look at support and resistance levels. He explains that these levels are not arbitrary lines on a chart but psychological barriers where supply and demand meet.

Markets are driven by fear and greed—human emotions that have not changed in centuries. The chart patterns Murphy describes—Head and Shoulders, Triangles, Wedges—are simply visual representations of human herd behavior. As long as humans (or algorithms programmed by humans) are trading, these patterns will continue to appear. Murphy provides an exhaustive look at support and